One of the best long-term bets for FX investors in 2013 is to buy AUD/USD targeting 1.11 as the AUD will stay supported throughout the year on external factors, said Todd Elmer, currency strategist at Citi in an interview with CNBC. "The factors which are important to the Aussie are not the domestic developments. It doesn't really matter that the economy is performing slightly weaker than what the case was before. What matters is external factors; what matters is that the Fed is doing $1.0 trn of quantitative easing and that China is stabilizing. So, the risk is to the upside," he clarified. A shorter-term trade for ... (full story)