Why the 'cheap' Aussie is unlikely to rise to US80¢

By Jens Meyer
Updated January 16 2017 - 12:08pm, first published 6:20am
The Aussie looks cheap based on a fair value model. Photo: Westpac
The Aussie looks cheap based on a fair value model. Photo: Westpac
The Aussie's high may not last. Photo: Deutsche Bank
The Aussie's high may not last. Photo: Deutsche Bank
The Aussie dollar has enjoyed a remarkably strong start to the year. Photo: Dominic Lorrimer
The Aussie dollar has enjoyed a remarkably strong start to the year. Photo: Dominic Lorrimer

The Australian dollar has been a surprise outperformer this year, but the still "cheap" currency is unlikely to rise to levels that would worry the Reserve Bank, analysts say.

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