← US Macro
Global Macro Compass
All G10 currencies plus Singapore — live macro data. Rate, money supply, and yield divergence drives medium-term currency direction — spot the macro gap before it moves.
Indicator Heatmap — ranked vs peers
| Country | Policy Rate ↑ better | Inflation ↓ better | GDP Growth ↑ better | Money Supply ↓ better | 10-Year Yield ↑ better | Unemployment ↓ better |
|---|---|---|---|---|---|---|
🇺🇸 USD United States | — | 3.7% #12/13 | +2.1% #5/14 | 5.6% #2/3 | 4.47% #3/10 | 4.2% #5/12 |
🇬🇧 GBP United Kingdom | — | 3.9% #13/13 | +1.4% #8/14 | — | 4.80% #2/10 | 4.7% #8/12 |
🇦🇺 AUD Australia | — | 2.9% #9/13 | +1.4% #9/14 | — | 4.83% #1/10 | 4.1% #4/12 |
🇳🇿 NZD New Zealand | — | 2.8% #8/13 | +0.5% #14/14 | — | 4.46% #4/10 | 5.1% #10/12 |
🇨🇦 CAD Canada | — | 2.8% #7/13 | +1.7% #6/14 | 6.0% #3/3 | 3.65% #6/10 | 6.9% #11/12 |
🇪🇺 EUR Eurozone | — | — | +0.5% #13/14 | 3.8% #1/3 | 3.22% #7/10 | — |
🇨🇭 CHF Switzerland | — | 0.2% #1/13 | +1.3% #10/14 | — | 0.31% #10/10 | 4.9% #9/12 |
🇸🇪 SEK Sweden | — | 0.7% #2/13 | +1.5% #7/14 | — | 2.78% #8/10 | 8.7% #12/12 |
🇳🇴 NOK Norway | — | 3.1% #10/13 | +1.1% #12/14 | — | 4.20% #5/10 | 4.6% #7/12 |
🇯🇵 JPY Japan | — | 3.2% #11/13 | +1.2% #11/14 | — | 2.67% #9/10 | 2.5% #1/12 |
🇮🇳 INR India | — | 2.4% #6/13 | +7.6% #1/14 | — | — | 4.2% #6/12 |
🇸🇬 SGD Singapore | — | 0.9% #3/13 | +5.0% #3/14 | — | — | 2.8% #2/12 |
🇲🇾 MYR Malaysia | — | 1.4% #4/13 | +5.2% #2/14 | — | — | 3.8% #3/12 |
🇭🇰 HKD Hong Kong | — | 1.4% #5/13 | +3.5% #4/14 | — | — | — |
Relative rank
Best
Mid
Worst
— = data unavailable · Click country to view detail charts
Macro Snapshot
Macro Gap Score — Attractiveness vs USD
Carry · Yield · Inflation · LiquidityMost attractive vs USD
🇸🇬 SGD — CPI 2.8pp lower than US
Least attractive vs USD
🇨🇭 CHF — 10Y yield -4.16pp vs UST
#CurrencyGap vs USD ◀ negative · zero · positive ▶ScoreSignalTop driver
1+0.85
🇸🇬SGD
Mild +
CPI 2.8pp lower than US
2+0.70
🇲🇾MYR
Mild +
CPI 2.3pp lower than US
3+0.69
🇭🇰HKD
Mild +
CPI 2.3pp lower than US
4+0.40
🇦🇺AUD
Mild +
10Y yield +0.36pp vs UST
5+0.40
🇮🇳INR
Neutral
CPI 1.3pp lower than US
6+0.26
🇳🇿NZD
Neutral
10Y yield -0.01pp vs UST
7+0.24
🇸🇪SEK
Neutral
10Y yield -1.69pp vs UST
8+0.09
🇳🇴NOK
Neutral
10Y yield -0.27pp vs UST
9+0.08
🇬🇧GBP
Neutral
10Y yield +0.33pp vs UST
10-0.13
🇨🇦CAD
Neutral
10Y yield -0.82pp vs UST
11-0.14
🇪🇺EUR
Neutral
10Y yield -1.25pp vs UST
12-0.55
🇯🇵JPY
Mild −
10Y yield -1.80pp vs UST
13-0.59
🇨🇭CHF
Mild −
10Y yield -4.16pp vs UST
Score = rate diff (×0.5) + 10Y yield diff (×0.4) − CPI diff (×0.3) − M2 diff (×0.2). All differentials measured against USD. Positive = more macro-attractive than USD. Not a price forecast — directional tendency only.
Side-by-Side Comparison
| Indicator | 🇺🇸 USD | 🇬🇧 GBP | 🇦🇺 AUD | 🇳🇿 NZD | 🇨🇦 CAD | 🇪🇺 EUR | 🇨🇭 CHF | 🇸🇪 SEK | 🇳🇴 NOK | 🇯🇵 JPY | 🇮🇳 INR | 🇸🇬 SGD | 🇲🇾 MYR | 🇭🇰 HKD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Forex Divergence Signals
Medium-term directional bias vs USD, derived from three macro differentials: policy rate (carry), CPI (purchasing power), and M2 growth (leading inflation indicator).
🇬🇧
GBP/USD
Spot: GBP/USD 1.3446
Rate diff vs USD—
CPI diff vs US+0.16pp
M2 growth diff vs US—
CPI 0.2pp faster than US (inflation −)
Macro tendency only · Not investment advice
🇦🇺
AUD/USD
Spot: AUD/USD 0.6985
Signal methodology
Rate differential
Weight ×1.0
Higher yield = carry incentive. Strongest near-term driver of currency flows.
CPI differential
Weight ×0.5 (inverse)
Faster inflation erodes purchasing power and weakens the currency over time.
M2 growth diff
Weight ×0.3 (inverse)
More money supply = future inflation. A leading signal before CPI responds.
Yield curve (10Y − policy rate): Positive = normal (growth expectations). Near zero or negative = flat/inverted curve — historically precedes recession by 12–18 months.
GDP recession flag: Two consecutive negative QoQ quarters = technical recession. One negative quarter = warning. Current account surplus (% GDP) provides structural FX support.
All forex differentials measured as foreign economy minus US. Positive composite favours the foreign currency vs USD. Strength: Strong >1.5, Moderate 0.4–1.5, Weak 0.1–0.4. Past macro divergence is not a reliable predictor of future exchange rates.
US · UK · AU · NZ · CA · EZ · CH · SE · NO · JP via FRED (Federal Reserve) · SG via MAS & SingStat · Refreshed every 6 hours · Not financial advice