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In May the monthly average value of the U.S. dollar (USD) depreciated versus Canada’s “loonie” (-3.0%) and euro (-1.5%), but appreciated against the Japanese yen (+0.1%). On the broad trade-weighted index basis (goods and services), the USD weakened by 1.3% against a basket of 26 currencies.
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The foregoing comments represent the
general economic views and analysis of
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