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US Dollar to lose ground in the coming year – BMO

Economists at the Bank of Montreal expect the US Dollar to lose altitude next year.

Loonie could mildly benefit relative to a sagging Greenback

A more dovish Fed, a cooler US economy, and a drive by many emerging markets to move away from the big Dollar point to some softening in the year ahead.

Meantime, the Canadian Dollar now largely dances to the tune of the USD itself. The old link between commodity prices and the Loonie has all but gone away. While we are no Canadian Dollar bulls, the currency could mildly benefit relative to a sagging Greenback. 

Stretch Call: The trade-weighted US Dollar has its biggest annual drop since 2011 when it fell by 4.5%.

BoJ's Ueda: Possibility of ending negative interest rates next year is not zero

In an interview with Japanese public broadcaster NHK on Wednesday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the possibility of ending negative rates next year is "not zero," per Reuters.
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US Dollar sell-off halts amid holiday season

The US Dollar (USD) is hanging over an abyss of substantial downturn since its weak performance ahead of Christmas. On the US Dollar Index (DXY) chart, a broad area is open for a quick decline in the Greenback’s value.
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