Currency Analyst since 2010

BNP Paribas: AUD should be lower

Analysts at BNP Paribas point out that, according to their models, Australian dollar is overvalued and the fair value for AUD/USD is at 0.7314.

Among other bearish factors for Aussie the specialists cite weaker commodity prices, lower Chinese data released during the weekend and the expectations of the more hawkish message from the US Federal Reserve at today’s meeting. 

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