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In April, the monthly average value of the U.S. dollar (USD) depreciated against all currencies we track: Canada’s “loonie” (-1.5%), euro (-2.3%), and Japanese yen (-0.1%). On the broad trade-weighted index basis (goods and services) the USD weakened by 1.1% 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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