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For a year in which the USD spent much of the outing in a range, it was a great year for US Dollar volatility.

Sterling continues to advance against other major currencies, with GBP/USD up and EUR/GBP down, but GBP/JPY is now close to previous highs that could impede its upward progress.

US and Brent crude oil prices are well placed to advance further, and that would add to the downward pressure on stock prices, US Treasury bond prices and gold, with USD benefiting.

Sterling ‘s strong rally that has taken it to its highest level since April 2018 shows no sign of running out of steam just yet, although there could be some consolidation first.

Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally? 2021-05-19 20:35:00 Peter Hanks, Strategist USD/CAD Price Outlook: USD/CAD fell to its lowest level since September 2017 this week but has since reversed Rising risk aversion, falling crude oil prices and potential taper talk from the Fed could look to drive a USD/CAD recovery rally Still, the pair has declined for months and attempting to call a bottom near the lowest level in four years can be a risky endeavor Canadian Dollar Price Forecast: Can USD/CAD Reverse Course and Rally? USD/CAD was offered a brief reprieve from m...