AUD/USD: the macro gap
On the Macro Currency Strength Meter, the Australian Dollar scores +13 and the US Dollar scores +6 — a gap of 7 points in favour of the Australian Dollar. The widest divergence is in growth, which favours the US Dollar. With both currencies scoring similarly, the fundamental case here is broadly balanced.
Strength gap
+7.3
Stronger side
AUD
Edge is
Narrowing
Scores
+13 vs +6
Factor by factor
Positive is stronger relative to the other majors, not in absolute terms. The gap column is AUD minus USD.
| Factor | AUD | USD | Gap |
|---|---|---|---|
| Interest Rates | +31 | +2 | +28.6 |
| Growth | -41 | +17 | -57.7 |
| Positioning | +30 | +15 | +14.7 |
| Risk Mood | +24 | -15 | +39.0 |
| Commodities | +15 | — | +15.3 |
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