– AUD/USD downside range break out largely a product of US dollar strength. At parity, it sits comfortably inside our ‘fair value’ range. We do not believe it is sitting at the top of a steep and slippery slope
– Implied options volatility is barely 2/3rd of the level prevailing when we were last at parity – importers should consider taking advantage while it lasts
Click here to read the full report: Market Research
NAB