Deutsche Bank’s coming out on Bloomberg saying that AUD/USD will be at 1.0600 year end after previously forecasting parity, up forecast for end of 2013 to parity from 0.9000 and sees end of 2014 at 0.9000 up from 0.8500.
Must admit i tend to go along with this year’s forecast and next, as market prices in potential RBA action i mentioned earlier.
Oh…. and on the ‘Bird’ they see NZD/USD at 0.8300 year end up from 0.7800, end of 2013- 0.8000 up from 0.7100, and 0.7200 from 0.6800 by the end of 2014.
And just for you ‘loonies’ out there …. USD/CAD down to 0.9800 from earlier forecasts of parity
