The aussie (FXA) was overvalued by about 15%, the RBA believed in September, according to...

|By:, SA News Editor

The aussie (FXA) was overvalued by about 15%, the RBA believed in September, according to documents obtained by Bloomberg (it was in the $1.02-$1.06 level then vs. $1.0236 now). The papers also show the currency to be a popular one among central banks, with maybe 34 holding reserves in it.