Westpac’s fair value model for AUD/USD has mid-point currently at 0.68

Westpac AUD fair value model midpoint to a 6 week high

Cite the key driver a 6% rise in Australia’s export weighted commodity price index in the past 3 weeks, and also

  • shift in RBA pricing 
  • improved risk sentiment 

AUD/USD would have to be above 0.7050 to be expensive says the report


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