AUD/CHF: the macro gap
On the Macro Currency Strength Meter, the Australian Dollar scores +20 and the Swiss Franc scores -42 — a gap of 62 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
+61.6
Stronger side
AUD
Edge is
Holding steady
Scores
+20 vs -42
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 | +65 | -44 | +109.6 |
| Growth | -37 | — | -37.4 |
| Positioning | +23 | -46 | +68.2 |
| Risk Mood | +32 | -32 | +63.0 |
| Commodities | -10 | — | -9.9 |
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