Why the Australian dollar refuses to rally
MARKET VOICE
FX markets and the Reserve Bank of Australia believe the Aussie dollar is significantly undervalued. However, Jai Tiawri, Lindsay Coburn and David Forrester at IDEAglobal in Singapore argue that US$0.53 is fair value for the currency
One of the great debates among market participants is why the Australian dollar continues to test new lows, when traditional relationships suggest the unit should be much stronger.
As recently as May 11, RBA governor Ian MacFarlane asserted that the Australian dollar
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