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In August the monthly average value of the U.S. dollar lost ground against all three
of the major currencies we track. The greenback depreciated by 0.5% against Canada’s
“loonie,” 1.4% against the euro, and 3.1% against the yen. On a trade-weighted
index basis, the dollar weakened by 1.0% 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.
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