Forex Flash: AUD/USD, AUD/NZD forecast upgraded - NAB

FXstreet.com (Barcelona) - The NAB foreign exchange team has published an update on where it expects the AUDUSD to be one year from now. The banks sees AUDUSD at $1.00 at end of 2012 vs previous forecast of $ 0.9700. The bank projects a $0.9700 spot rate at end 2013 vs previous forecast of $ 0.9500. Looking at AUDNZD, NAB upgrades the rate forecast to $1.2300 at end 2012 vs previous forecast of $ 1.1900. Sees AUDNZD at $1.2400 at end 2013 vs previous forecast of $ 1.2200.