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Forex Flash: AUD/USD has further upside, very least 2012 highs above 1.06 - RBS

By FXstreet.com,  January 09, 2013, 11:28:00 PM EDT

FXstreet.com (Barcelona) - AUDUSD has further upside, and at the very least looks set to test the 2012 highs above 1.06, says Royal Bank of Scotland. Its inclination towards the Aussie has turned more supportive since the recovery on commodity prices, iron soaring, improvement in Chinese equity prices, and now the stunning trade balance in China. Meanwhile, according to the bank, "FOMC signals notwithstanding, the Fed's more aggressive QE ensures that USD debasement remains a constant theme."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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