Forex Flash: AUD/USD has further upside, very least 2012 highs above 1.06 - RBS
Forex pairs in this Article » AUD/USD
FXstreet.com (Barcelona) - AUDUSD has further upside, and at the very least looks set to test the 2012 highs above 1.06, says Royal Bank of Scotland. Its inclination towards the Aussie has turned more supportive since the recovery on commodity prices, iron soaring, improvement in Chinese equity prices, and now the stunning trade balance in China. Meanwhile, according to the bank, "FOMC signals notwithstanding, the Fed's more aggressive QE ensures that USD debasement remains a constant theme."