Latest update to AUD 'fair value' - at the top of the range

This via Westpac on the Australian dollar and their model of value

Comments from the bank (in brief);

• Above 0.7950 its more than 1 standard deviation above FV
• RBA Debelle's comments enough to cap?

WPAC referring to remarks from Guy Debelle, Deputy Governor of the Reserve Bank of Australia on Friday, trying to stem the damage from the RBA minutes earlier in the week:

• RBA's Debelle: Australian rates do not have to rise in line with global peers
• More from RBA's Debelle: Says rising AUD is not welcome
• More from RBA's Debelle (2): Recent data has given us a little more confidence in the economy