Rising fair value for the Australian dollar, the market appears to be underpricing

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
Via Westpac comes a hike in the fair value for the AUD:

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