After having crashed in March 2020 by amounts typically expected over the course of several years in foreign exchange markets, the Australian and Canadian dollar have erased all the losses and are now breaking out to the best levels since mid-2018. The US dollar is falling across the board in forex markets. EUR/USD has broken above 1.20 and GBP/USD is on the cusp of breaking major resistance at 1.35. Such is the pessimism toward the dollar, the euro and the pound are rising against the dollar even as the Bank of England just upped its stimulus and ECB looks set to do so at its meeting next week. The overarching theme ... (full story)