I haven't seen this covered, so again doing a catch up
Steven Saywell, global head of FX strategy at BNP Paribas in London
- says AUD is "way over-valued"
- targets 68¢ on his model
- Says current elevated level is an ideal opportunity to short
- He is looking for inflation figures to surprise to the downside (1%), which will prompt another RBA rate cut
- Looking also for lower commodity prices.
From the Australian Financial Review, may be gated
