The US Dollar index closed higher for the sixth consecutive week as fundamental tailwinds buoyed the Greenback. This week’s CPI data may push the DXY index higher on hawkish Fed rate hike bets.

The Bank of Canada’s (BoC) last interest rate decision for 2021 may keep USD/CAD afloat as the central bank is expected to retain the current policy.

The Australian Dollar remains vulnerable ahead of the last RBA rate decision of 2022. The Omicron Covid-19 variant poses a risk if strict lockdowns ensue. Will AUD/USD’s decline extend?