Canadian Dollar Seen Falling to 1.52 Per U.S. Dollar by End-1Q, Says MUFG -- Market Talk

Dow Jones

Feb 03, 2025

1516 GMT - The Canadian dollar is likely to drop even further after U.S. President Trump confirmed he would implement 25% tariffs on goods from Canada as well as Mexico, MUFG strategists forecasts in their monthly FX outlook. The Canadian currency tumbled to its lowest since 2003 overnight, reaching 1.4794 per U.S. dollar, according to FactSet, and MUFG expects it to drop to 1.52 by the end of the first quarter. "We expect this initial move to extend and our U.S. dollar forecasts suggest scope for gains through the first quarter and into the second quarter before some modest reversal by mid-year." The Canadian dollar recovers some of its steep losses for now, with USD/CAD last at 1.4687. (jessica.fleetham@wsj.com)

(END) Dow Jones Newswires

February 03, 2025 10:18 ET (15:18 GMT)

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The Canadian currency tumbled to its lowest since 2003 overnight, reaching 1.4794 per U.S. dollar, according to FactSet, and MUFG expects it to drop to 1.52 by the end of the first quarter. \"We expect this initial move to extend and our U.S. dollar forecasts suggest scope for gains through the first quarter and into the second quarter before some modest reversal by mid-year.\" The Canadian dollar recovers some of its steep losses for now, with USD/CAD last at 1.4687. (jessica.fleetham@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 10:18 ET (15:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canadian Dollar Seen Falling to 1.52 Per U.S. Dollar by End-1Q, Says MUFG -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCanadian Dollar Seen Falling to 1.52 Per U.S. Dollar by End-1Q, Says MUFG -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-03 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1516 GMT - The Canadian dollar is likely to drop even further after U.S. President Trump confirmed he would implement 25% tariffs on goods from Canada as well as Mexico, MUFG strategists forecasts in their monthly FX outlook. The Canadian currency tumbled to its lowest since 2003 overnight, reaching 1.4794 per U.S. dollar, according to FactSet, and MUFG expects it to drop to 1.52 by the end of the first quarter. \"We expect this initial move to extend and our U.S. dollar forecasts suggest scope for gains through the first quarter and into the second quarter before some modest reversal by mid-year.\" The Canadian dollar recovers some of its steep losses for now, with USD/CAD last at 1.4687. (jessica.fleetham@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 03, 2025 10:18 ET (15:18 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MUFG","symbol_name":"三菱日联金融","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2508414245","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508414245","pubTimestamp":1738595880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1516 GMT - The Canadian dollar is likely to drop even further after U.S. President Trump confirmed he would implement 25% tariffs on goods from Canada as well as Mexico, MUFG strategists forecasts in their monthly FX outlook. The Canadian currency tumbled to its lowest since 2003 overnight, reaching 1.4794 per U.S. dollar, according to FactSet, and MUFG expects it to drop to 1.52 by the end of the first quarter. \"We expect this initial move to extend and our U.S. dollar forecasts suggest scope for gains through the first quarter and into the second quarter before some modest reversal by mid-year.\" The Canadian dollar recovers some of its steep losses for now, with USD/CAD last at 1.4687. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MUFG":"三菱日联金融","BK4207":"综合性银行"},"translate_title":"三菱日联金融集团表示，到第一季度末，加元兑美元汇率预计将跌至1.52美元——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUFG":1},"content_text":"1516 GMT - The Canadian dollar is likely to drop even further after U.S. President Trump confirmed he would implement 25% tariffs on goods from Canada as well as Mexico, MUFG strategists forecasts in their monthly FX outlook. The Canadian currency tumbled to its lowest since 2003 overnight, reaching 1.4794 per U.S. dollar, according to FactSet, and MUFG expects it to drop to 1.52 by the end of the first quarter. \"We expect this initial move to extend and our U.S. dollar forecasts suggest scope for gains through the first quarter and into the second quarter before some modest reversal by mid-year.\" The Canadian dollar recovers some of its steep losses for now, with USD/CAD last at 1.4687. (jessica.fleetham@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 03, 2025 10:18 ET (15:18 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}