UBS analysts reviewed the implications of the tariff and updated their forecasts for the USD/CAD currency pair.
UBS decided to leave its forecast for the USD/CAD rate unchanged at 1.46 for June. The financial holding expects short-term risks of growth in the USD/CAD exchange rate, reflecting ongoing uncertainty
But UBS forecast a long-term downward trend for the currency pair, setting a target of 1.42 by March 2026.
This forecast is based on the projected weakening of the US dollar over time.
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