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In March, the monthly average value of the U.S. dollar (USD) appreciated against two of the three currencies we track: Canada’s “loonie” (+0.3%) and the Japanese yen (+0.1%) but depreciated against the euro (-0.7%). On the broad trade-weighted index basis (goods and services) the USD weakened by 0.3% 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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