The USD Index has been declining in recent years, but the reality is that it’s after a very long-term breakout that materialized in early 2015 and that was then verified in the following years.

FCOJ futures were sharply higher on speculative buying. Chart trends turned back up.

For 2026, the big question is when fiscal stimulus will start to boost economic growth. The latest data on sentiment still shows a lacklustre economy for the moment, though unemployment does remain around all-time lows