AUD/CHF: the macro gap
On the Macro Currency Strength Meter, the Australian Dollar scores +13 and the Swiss Franc scores -40 — a gap of 53 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 Swiss Franc — though markets may already have priced much of it in.
Strength gap
+52.9
Stronger side
AUD
Edge is
Holding steady
Scores
+13 vs -40
Factor by factor
Positive is stronger relative to the other majors, not in absolute terms. The gap column is AUD minus CHF.
| Factor | AUD | CHF | Gap |
|---|---|---|---|
| Interest Rates | +31 | -46 | +76.7 |
| Growth | -41 | — | -40.9 |
| Positioning | +30 | -43 | +72.5 |
| Risk Mood | +24 | -24 | +48.8 |
| Commodities | +15 | — | +15.3 |
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