EUR/AUD

Fundamentals favour the Australian Dollar by 56 points.

On the Macro Currency Strength Meter, the Euro scores -6 and the Australian Dollar scores +51 — a gap of 56 points in favour of the Australian Dollar. The widest divergence is in interest rates, which favours the Australian Dollar. All else equal that gap is a fundamental tailwind for the Australian Dollar against the Euro — though markets may already have priced much of it in.