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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (32659)	4/9/2008 6:28:26 PM
From: Moominoid	Read Replies (1) \| Respond to of 219712

The AUD is overvalued vs. the USD but it's not at Pound/Euro levels of ridiculousness. Research shows that purchasing power parity only applies in the very long run and currencies can remain apparently overvalued compared to historic norms for a very long time. I added the historic norms because the Swiss Franc has been overvalued vs. USD for as long as I can remember. Also there is the tendency for developing country currencies to be undervalued.