In April, the monthly average value of the U.S. dollar (USD) appreciated against all three of the currencies we track: Canada’s “loonie” (+1.0%), the euro (+1.4%), and the Japanese yen (+2.7%). On the broad trade-weighted index basis (goods and services) the USD strengthened by 1.2% against a basket of 26 currencies.
The foregoing comments represent the
general economic views and analysis of