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AUD vs CAD

Fundamentals favour the Australian Dollar by 52 points.

AUD Australian Dollar +21 Slightly Strong · #1
vs
CAD Canadian Dollar -30 Slightly Weak · #7

On the Macro Currency Strength Meter, the Australian Dollar scores +21 and the Canadian Dollar scores -30 — a gap of 52 points in favour of the Australian Dollar. The widest divergence is in interest rates, which favours the Australian Dollar. All else equal that gap is a fundamental tailwind for the Australian Dollar against the Canadian Dollar — though markets may already have priced much of it in.

Pillar comparison

Which currency wins each macro driver
DriverAUDCADEdge
Interest Rates +74 -13 AUD
Growth -33 -39 AUD
Positioning +35 -50 AUD
Risk Mood +21 +12 AUD
Commodities -28 -67 AUD

Strength gap over time

AUD minus CAD fundamental score — above zero favours AUD. The gap is currently +52 and holding steady.

A widening gap means the fundamental edge is growing; a narrowing gap means it’s fading. Educational macro context, not a trade signal.