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UBS says the Canadian dollar's link to oil has weakened but remains positive. It expects the loonie to underperform this year on weak Canadian growth and a likely Bank of Canada rate cut.
UBS sees fair value for USD/CAD at 1.3370.
A weaker loonie makes Canadian exports cheaper and affects cross-border feed trade pricing. The forecast is a currency view rather than a supply or demand event.
investinglive.comFeb 14, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
