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Westpac's AUD/USD Short-Term Fair Value Model Hits 8-Week High

AUD

A Westpac analyst tweets: "Are FX markets underpricing iron ore/commodity price gains? The midpoint of the Westpac A$ short-term fair value model rose to an 8-week high at $0.8050 last week. Given huge iron ore/ commodity price gains plus lower market vol. measures, A$ is now deemed cheap below $0.7750."

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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