AUD/USD, USD/CAD: Watching Key Trendlines as Dollar Loses Its Grip

  • With markets viewing the U.S. dollar as a sell-on-rallies play, traders are looking past Powell's tenure to what policy might look like under a pro-Trump Fed chair. Fiscal largesse, tariff-driven inflation, and the potential for unconventional policies such as yield curve control are weighing on the dollar and Treasuries alike.