Forex Flash: AUD/USD to target 1.03 by end-2013 - TDS

FXstreet.com (Barcelona) - While AUDUSD is last quoted at 1.0426, in 5 year lows daily range volatility, and threatening lower as RBA rate cut odds increase for next Tuesday, Singapore based analyst for TD Securities Annette Beacher continues "to target USD1.04 by year end for the AUD, and USD1.03 by end-2013," she says.

"Overall, 2013 is expected to be a favourable one for the AUD," the analyst adds, expanding: "We are comfortable maintaining our view of the currency trading over parity on average from an offshore flow perspective," Annette concludes.