**As seen in Macro Walk report 08/25/23, subscribe at cablefxm.co.uk/reports
The Economic Surprise section in our Macro Walk report has seen the dollar metric lead G10 peers despite a recent pullback. The GBP equivalent follows, the index extended upside this week
Australia, Canada, Switzerland and EU stand on the negative side of the scale, the eurozone index bottoms the group but has stabilized in recent weeks
The graph below plots a spread of Australia and U.S. CESIs and AUD/USD spot FX rate. As the CESI spread moves lower to favour U.S. macro sentiment, we have seen the Aussie catch down lower with a lag
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