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Forex Flash: AUD/NZD to as low as 1.15 - TDS

With AUD/NZD currently near fresh 2.5-year lows around the 1.2160, Singapore based TD Securities analyst Alvin Pontoh believes, “From a fundamental perspective, the lower AUD/NZD trend could extend all the way to as low as 1.15, as we expect a historic convergence of benchmark rates by the end of this year (at 2.75%),” Alvin suggests, concluding: “This is the reason why we called 2013 to be ‘The Year of the Kiwi’, back in December.”

Forex: AUD/USD at session lows on RBA's Edward headline

The Australian Dollar is near its lows of the day in Asia following RBA board member John Edward comments that the Australian Dollar is incredibly high. RBA officials added that persistently high Aussie coupled with notable fiscal tightening may slowdown the economy.
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Forex: USD/JPY retesting 92.70 lows on Amari headlines

The Japanese economic minister Mr. Amari is speaking to reporters in Tokyo, and so far his comments have cost the USD/JPY to pare most of the gains built in the past few hours.
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