Via Westpac comes a hike in the fair value for the AUD:
Says the midpoint of the Westpac A$ fair value is at 0.8040 this week
- meaning the A$ is seen as cheap below 0.7750
WPAC (via @Robert__Rennie)
cite:
- Given the huge iron ore/ commodity price gains and lower market vol, the FX market appears to be underpricing the rise in fair value
