1.35 target on USD/CAD from Deutsche bank.

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Deutsche bank analysts updated their outlook on USD/CAD. “We are revising our USD/CAD forecast path lower following a moderate rally in oil prices and a slower pace of Fed tightening than originally expected. USDCAD should peak around 1.35 this year and slightly above 1.40 next year on expectations that the Fed will resume its tightening cycle, and if they don’t it will be because of a less than CAD friendly risk negative environment” written in the report.

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