December 2013 Currency Exchange Rates

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In December the monthly average value of the U.S. dollar appreciated against two of the three major currencies we track: 3.2 percent against the yen and 1.5 percent against Canada’s loonie. The dollar depreciated by 1.5 percent relative to the euro. On a trade-weighted index basis, the dollar strengthened by 0.2 percent against a basket of 26 currencies. 

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The foregoing comments represent the general economic views and analysis of Delphi Advisors, and are provided solely for the purpose of information, instruction and discourse. They do not constitute a solicitation or recommendation regarding any investment.