FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 37 institutional desks. No promotion.
Canadian Dollar Recovery Builds As USD/CAD Tests Key Support - Scotiabank Forecast Exchange Rates UK
| Firm | Stance | YE 2026 |
|---|---|---|
| Bullish |
| 1.35 |
UBS | Bullish | 1.34 |
Société Générale | Bullish | 1.40 |
All 25 desk targets for USD/CAD
Desk synthesis pending
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How we cover this story
EUR/USD consolidation pattern with acknowledged downside bias suggests institutional positioning may be vulnerable to break lower on risk-off or hawkish USD surprise.
Technical support identification at 1.15 EUR/USD suggests downside risk is bounded; breaks below warrant tactical EUR shorts.
ECB hawkish rate action widens rate differential favoring EUR/USD long positioning into near-term resistance.
USD/CAD trades at 1.4035, nearly 4% above the 25-firm Dec-26 median of 1.35, with a 0.11 dispersion range signalling meaningful divergence on the BoC-Fed gap.
USD/CAD trades at 1.3984, roughly 3.59% above the 25-firm median Dec-26 target of 1.35, with dispersion spanning 0.11 from Citi to Deutsche Bank.
USD/CAD trades at 1.3992, roughly 3.64% above the 25-firm median Dec-26 target of 1.35, with a 0.11 spread separating the most and least bearish desks.
25 investment banks see USD/CAD at 1.37 by Dec 2026
View the live USD/CAD forecast