Deutsche Bank calls for 1.50 USD/CAD by year-end

Wanna make a name for your self? Make a big call!

I tried it earlier in the month and it blew up in my face as the ECB unwisely did not follow my advice to cut rates to 1% and embark on quantitative ease..

Let’s hope Deutsche Bank’s Adam Boyton has better luck. He calls for USD/CAD to rally to 1.50 by the end of this year. Lousy global growth’s impact on commodity prices is the catalyst, he feels.

USD/CAD has rebounded from the 1.12612 level early in the day and now trades at 1.2725.