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Westpac Short-Term AUD/USD Fair Value Model Hits Multi-Week High

AUD

A Westpac analyst tweets the following on AUD/USD: "Ongoing strength in key Australian commodity export prices & falling measures of market volatility raise the mid-point of Westpac's short-term fair value model to a 5-week high of $0.7850. Below $0.7550, A$ would be seen as cheap - above $0.8150 it would be seen as expensive."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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