AUD/CAD

Fundamentals favour the Australian Dollar by 45 points.

On the Macro Currency Strength Meter, the Australian Dollar scores +51 and the Canadian Dollar scores +6 — a gap of 45 points in favour of the Australian Dollar. The widest divergence is in growth, 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.