In its monthly FX note today, the Canadian Imperial Bank of Commerce (CIBC) updates its outlook on the USD, advising clients to leverage what could be the last leg of the USD rally over the coming months. The following are some of the key points in CIBC's note along with its forecasts for EUR/USD, and USD/JPY. One Last Hurrah for USD: A surprisingly soft run of growth indicators left their traces on the US dollar, but the greenback should see at least one more bout of strength this year in the lead-up to the Fed’s first rate hike. Despite some weak data points, it’s worth reminding that there are signs Q2 will post a ... (full story)