AUD/CAD: Australian dollar less negative than Canadian dollar in daily sentiment
The sentiment gap is 5 points: both currencies remain in negative territory, but the AUD is showing relative resilience against the CAD.
08 Nov, 21:06 · AUDCAD
Redatto da Lorenzo Carlo Junior Marconi
Giornalista Media Press & CH PRESS SA · Società per azioni Svizzera
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Daily news sentiment scores place the AUD at -10 and the CAD at -15. On a relative basis, this gives the Australian dollar a 5-point advantage in AUD/CAD.
Both currencies remain in negative territory
News sentiment for the day is negative for both currencies. The Australian dollar has a score of -10, while the Canadian dollar stands at -15, on a scale ranging from -100 to +100.
AUD's relative advantage
The 5-point gap between the two indicators points to relative AUD strength against the CAD. However, the advantage comes in an environment where neither currency has positive sentiment.
What the signal does not indicate
The reading compares daily news sentiment scores and, by itself, does not provide guidance on prices, exchange-rate levels or the future direction of AUD/CAD. The signal should therefore be viewed as a relative measure of the news tone identified.
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