Flash: AUD/USD to push lower?- Rabobank

FXstreet.com (Guatemala) - Jane Foley, Senior Currency Strategist at Rabobank said, overall, they see AUD/USD as holding in the 0.88/0.89 area in the coming weeks with the better news of Chinese demand for raw material contributing to a more stable tone.

Key Quotes:

“That said, for choice we still expect AUD/USD to push lower through the course of 2014 in line with our expectation that the USD will be one of the best performing developed world currencies this year on the back of accelerating US growth prospect and a gradually reducing amount of policy stimulus from the Federal Reserve”.

“Our 12 mth AUD/USD forecast lies at 0.8600”.