Aussie dollar is overvalued, says UBS Asset Management
The continuing crisis in the eurozone and the possible value to be gleaned from both the US dollar and sterling might be driving the agenda for many currency managers at the moment, but a contrarian outlook on the Australian dollar is a greater priority for Jonathan Davies, head of currency in the global investment solutions division at UBS Asset Management in London.
"My strongest view is being underweight in the Australian dollar. The Australian dollar has its advantages – it is giving some
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