Cheap AUD/USD & Other Quant Signals For FX Majors - BNPP

The following is the weekly update from BNP Paribas quant FX model 'STEER'.

BNPP outlines the following:

NZDUSD is moving towards its STEER, but AUD and CAD remain cheap vs the USD as risk appetite increases.

GBPUSD is approaching overvalued territory, but STEER has not yet triggered a bearish trading signal.