Japan Flows + China Free Trade Deal = OverValued AS

        0408 GMT [Dow Jones] Australia's central bank appears resigned to the fact the Australian dollar is set to remain overvalued, says Greg Gibbs, currency strategist at RBS. The Reserve Bank of Australia repeated in policy meeting minutes Tuesday that the Australian dollar is fundamentally too high, but it also expressed its concern that Bank of Japan policy action could boost the Australian dollar. This view, coupled with Australia's success in gaining a free-trade agreement with China this week could keep the Australian dollar supported, particularly against the euro and yen, says Gibbs. (james.glynn@wsj.com; Twitter: @JamesGlynnWSJ)
        (END) Dow Jones Newswires

        November 17, 2014 23:08 ET (04:08 GMT)

#Japan
#Flow
#USA
#China