Australian dollar back into rarified overvaluation territory

Monday 11 May 2020

Via Westpac’s Robert Rennie:

A$ ‘fair value’ midpoint remains steady at a 19yr low of 0.61 for another week as falling swap rates offset the modest bounce in export weighted commodity price index. Above 0.6350, the A$ remains expensive to fair value for the third week in a row. #ausbiz pic.twitter.com/7zMsEOQC9D

— Robert Rennie (@Robert__Rennie) May 11, 2020

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.