Citi economists are looking for an end to the US dollar’s spectacular rally. CAD FURTHER BOOSTS USD STRENGTH MARKETS „We expect the 2021 USD rally to end sometime in 2023 and then reverse. That’s in part because the Fed is likely to stop raising interest rates more aggressively than other G10 central banks while economic growth slows. „Targeting dollar strength has become a crowded business as investors look for a 'safe haven’ amid uncertainty. The US has large trade and budget deficits, which should ease over time. „We expect the Canadian dollar to strengthen while the US dollar weakens. .”