← 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 | 3.75% #3/5 | 3.7% #7/7 | +2.2% #4/6 | 5.7% #1/2 | 4.99% #2/10 | 4.2% #5/10 |
🇬🇧 GBP United Kingdom | — | — | — | — | 4.99% #3/10 | — |
🇦🇺 AUD Australia | — | 2.9% #5/7 | — | — | 5.01% #1/10 | 4.1% #4/10 |
🇳🇿 NZD New Zealand | — | 2.8% #4/7 | — | — | 4.71% #4/10 | 5.1% #9/10 |
🇨🇦 CAD Canada | 5.25% #2/5 | 3.0% #6/7 | +1.7% #5/6 | 6.5% #2/2 | 3.93% #6/10 | 6.9% #10/10 |
🇪🇺 EUR Eurozone | 2.50% #4/5 | — | +1.1% #6/6 | — | 3.22% #7/10 | — |
🇨🇭 CHF Switzerland | — | 0.2% #1/7 | — | — | 0.47% #10/10 | 4.9% #8/10 |
🇸🇪 SEK Sweden | — | — | — | — | 3.02% #8/10 | — |
🇳🇴 NOK Norway | — | — | — | — | 4.29% #5/10 | 4.6% #7/10 |
🇯🇵 JPY Japan | 0.30% #5/5 | — | — | — | 2.94% #9/10 | 2.5% #1/10 |
🇮🇳 INR India | 6.75% #1/5 | — | — | — | — | 4.2% #6/10 |
🇸🇬 SGD Singapore | — | 0.9% #2/7 | +5.0% #2/6 | — | — | 2.8% #2/10 |
🇲🇾 MYR Malaysia | — | 1.4% #3/7 | +5.2% #1/6 | — | — | 3.8% #3/10 |
🇭🇰 HKD Hong Kong | — | — | +3.5% #3/6 | — | — | — |
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
🇮🇳 INR — Rate +3.00pp vs Fed
Least attractive vs USD
🇯🇵 JPY — Rate -3.45pp vs Fed
#CurrencyGap vs USD ◀ negative · zero · positive ▶ScoreSignalTop driver
1+1.50
🇮🇳INR
Mild +
Rate +3.00pp vs Fed
2+0.84
🇸🇬SGD
Mild +
CPI 2.8pp lower than US
3+0.70
🇲🇾MYR
Mild +
CPI 2.3pp lower than US
4+0.37
🇨🇦CAD
Neutral
Rate +1.50pp vs Fed
5+0.26
🇦🇺AUD
Neutral
10Y yield +0.02pp vs UST
6+0.15
🇳🇿NZD
Neutral
10Y yield -0.28pp vs UST
70.00
🇭🇰HKD
Neutral
8-0.00
🇬🇧GBP
Neutral
10Y yield -0.00pp vs UST
9-0.28
🇳🇴NOK
Neutral
10Y yield -0.70pp vs UST
10-0.74
🇨🇭CHF
Mild −
10Y yield -4.52pp vs UST
11-0.79
🇸🇪SEK
Mild −
10Y yield -1.97pp vs UST
12-1.33
🇪🇺EUR
Mild −
Rate -1.25pp vs Fed
13-2.54
🇯🇵JPY
Unattractive
Rate -3.45pp vs Fed
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 1.3234
Rate diff vs USD—
CPI diff vs US—
M2 growth diff vs US—
Insufficient data to assess macro divergence.
Macro tendency only · Not investment advice
🇦🇺
AUD/USD
Spot: AUD/USD 0.6953
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