← 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 | 3.64% #2/4 | 3.3% #9/10 | +2.0% #3/11 | 4.6% #2/3 | 4.25% #4/10 | 4.3% #4/10 |
🇬🇧 GBP United Kingdom | — | 3.4% #10/10 | +1.1% #8/11 | — | 4.70% #2/10 | 4.7% #6/10 |
🇦🇺 AUD Australia | — | 3.2% #8/10 | +1.4% #5/11 | — | 4.90% #1/10 | 4.1% #3/10 |
🇳🇿 NZD New Zealand | — | 2.9% #7/10 | +1.3% #7/11 | — | 4.64% #3/10 | 5.1% #8/10 |
🇨🇦 CAD Canada | 5.25% #1/4 | 2.4% #4/10 | +1.6% #4/11 | 5.9% #3/3 | 3.60% #6/10 | 6.9% #9/10 |
🇪🇺 EUR Eurozone | 2.00% #3/4 | — | +0.7% #10/11 | 3.6% #1/3 | 3.22% #7/10 | — |
🇨🇭 CHF Switzerland | — | 0.0% #1/10 | +1.3% #6/11 | — | 0.40% #10/10 | 4.9% #7/10 |
🇸🇪 SEK Sweden | — | 0.5% #2/10 | +0.8% #9/11 | — | 2.76% #8/10 | 8.7% #10/10 |
🇳🇴 NOK Norway | — | 2.5% #5/10 | +2.1% #2/11 | — | 4.25% #5/10 | 4.6% #5/10 |
🇯🇵 JPY Japan | 0.30% #4/4 | 2.7% #6/10 | +0.1% #11/11 | — | 2.35% #9/10 | 2.5% #1/10 |
🇸🇬 SGD Singapore | — | 2.4% #3/10 | +4.4% #1/11 | — | — | 2.8% #2/10 |
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
🇨🇦 CAD — Rate +1.61pp vs Fed
Least attractive vs USD
🇯🇵 JPY — Rate -3.34pp vs Fed
#CurrencyGap vs USD ◀ negative · zero · positive ▶ScoreSignalTop driver
1+0.56
🇨🇦CAD
Mild +
Rate +1.61pp vs Fed
2+0.31
🇦🇺AUD
Neutral
10Y yield +0.65pp vs UST
3+0.28
🇸🇬SGD
Neutral
CPI 0.9pp lower than US
4+0.28
🇳🇿NZD
Neutral
10Y yield +0.39pp vs UST
5+0.26
🇸🇪SEK
Neutral
10Y yield -1.49pp vs UST
6+0.25
🇳🇴NOK
Neutral
10Y yield -0.00pp vs UST
7+0.15
🇬🇧GBP
Neutral
10Y yield +0.45pp vs UST
8-0.55
🇨🇭CHF
Mild −
10Y yield -3.85pp vs UST
9-1.04
🇪🇺EUR
Mild −
Rate -1.64pp vs Fed
10-2.26
🇯🇵JPY
Unattractive
Rate -3.34pp 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 | 🇸🇬 SGD |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Policy Rate | 3.64% | — | — |
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 1.3518
Rate diff vs USD—
CPI diff vs US+0.10pp
M2 growth diff vs US—
CPI 0.1pp faster than US (inflation −)
Macro tendency only · Not investment advice
🇦🇺
AUD/USD
Spot: AUD/USD 0.7154
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