AUD/USD

Fundamentals favour the Australian Dollar by 39 points.

On the Macro Currency Strength Meter, the Australian Dollar scores +51 and the US Dollar scores +12 — a gap of 39 points in favour of the Australian Dollar. The widest divergence is in risk mood, which favours the Australian Dollar. All else equal that gap is a fundamental tailwind for the Australian Dollar against the US Dollar — though markets may already have priced much of it in.