The US Dollar Selloff May Be Ending: What CIBC’s Outlook Means for FX Traders in 2026 The Big Picture Reset for the US Dollar: The recent US dollar volatility has captured the attention of forex and macro traders worldwide, but the latest CIBC monthly outlook argues that the drama

For decades, the Bank of Japan (BoJ) stood apart from other major central banks. While the US Federal Reserve, ECB, and others cycled through tightening and easing phases, Japan remained locked in an era of ultra low and even negative interest rates. That era is now changing and for Forex traders, t