The USD weakened across the board last week due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the data on Friday showed that the Fed might indeed just keep rates higher for longer as job and wage growth soften. Nevertheless, the USD has been in the dirving seat this week despite the lack of economic data or major changes in the fundamentals.The CAD, on the other hand, might have been under pressure due to the sustained weakness in crude oil prices and expectations building for the BOC to cut rates in June, although the employm
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