Still Buying EUR/SEK and Selling AUD/USD

Crédit Agricole CIB's weekly FAST FX update recommends buying EUR/SEK and selling AUD/USD as both pairs exhibit extreme deviations (over 1.5 standard deviations) from their model-defined fair values.

Key Takeaways

• 1.The FAST FX model triggered new 'Buy' signals for EUR/SEK and 'Sell' signals for AUD/USD for the current week.
• 2.AUD/USD is significantly overvalued by more than 1.5 standard deviations, despite a slight rise in its calculated fair value to 0.6795.
• 3.EUR/SEK remains more than 1.5 standard deviations undervalued relative to a fair value estimate of 10.9815.

Table of Contents

• Still buying EUR/SEK and selling AUD/USD
• Related publications
• FAST FX fair value summary
• Short-term fair value charts
• t-statistic charts
• Historical trade performance
• Red Mount Analytics
• Global Markets Research contact details

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