Forex: AUD/USD at session lows on RBA's Edward headline

The Australian Dollar is near its lows of the day in Asia following RBA board member John Edward comments that the Australian Dollar is incredibly high. RBA officials added that persistently high Aussie coupled with notable fiscal tightening may slowdown the economy.

Feb 15, 2013

Forex Flash: AUD/NZD expected around 1.1360 by year end - BNZ

According to Currency Strategist at BNZ, Mike Jones, “the latest update of our short-term NZD/AUD valuation model points to a 0.8050-0.8250 ‘fair-value’ range,” which represents a 1.2422-1.2121 “fair value” range for AUD/NZD, when the cross is last at 1.2161, near fresh 2.5-year lows, following better than expected 4Q NZ retail sales, best in 1 year.

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Feb 15, 2013

Forex Flash: AUD/NZD to as low as 1.15 - TDS

With AUD/NZD currently near fresh 2.5-year lows around the 1.2160, Singapore based TD Securities analyst Alvin Pontoh believes, “From a fundamental perspective, the lower AUD/NZD trend could extend all the way to as low as 1.15, as we expect a historic convergence of benchmark rates by the end of this year (at 2.75%),” Alvin suggests, concluding: “This is the reason why we called 2013 to be ‘The Year of the Kiwi’, back in December.”

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