USDCAD daily
MUFG warns that a 25% tariff on all Canadian imports by the US could push USD/CAD into a 1.50-1.60 range. While markets remain optimistic that negotiations will dilute or avert the tariff threat, escalation risks loom as the 1st February deadline approaches.
Key Points:
Conclusion:
While markets remain hopeful for a negotiated resolution, a failure to avert tariffs could propel USD/CAD to levels not seen since 2003. Investors will closely monitor developments as the 1st February deadline approaches.
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