Flash: The worst for the Aussie is over - HSBC

FXstreet.com (Bali) - Expect the AUD to sell off moderately against the USD in 2014, notes HSBC, who forecast AUD-USD at 0.86 at the year-end.

Key Quote

"Our view that the RBA’s easing cycle is done and prospects of the greater openness of Chinese financial system could pose some upside risks for the currency."

"Risk is if market expectations for US rates rise, while uncertainty surrounding growth prospects keep Australian rate expectations low, then this spread will point towards a lower AUD-USD."