Westpac: Upbeat On Dollar In Near Term

The video discusses the potential challenges facing the US dollar, including tapering by the FOMC, vaccination coverage, and fiscal issues like the debt ceiling. It also examines the dollar index, the impact of oil prices on currencies, and the performance of currencies like the Canadian loonie and Norwegian krone. The discussion extends to US fiscal policy, the political impasse on Capitol Hill, and its implications for growth. Finally, it covers the Bank of England's monetary policy and its effect on Sterling.

What factors are contributing to the potential gains of the Canadian dollar?

How does the impasse on Capitol Hill pose a threat to US growth?

What is the significance of the Bank of England's potential rate changes?