top of page

🎈Aussie Softness In Line With Macro Sentiment: Cable FX Macro

**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


 
 
 

Comments


© 2024

CableFXWHITEdropshadow.png
  • Twitter - White Circle

Investing and trading involve risk. This includes the possible loss of principal and fluctuations in value. There is no assurance that objectives will be met. Do not risk capital that you cannot afford to lose.  

bottom of page