Macro Balance
Relative Growth, Inflation & Liquidity Engine
This page should compare the traded G8 currencies plus China through the macro lenses that matter most: growth, inflation, policy, and liquidity. It is the relative macro balance layer underneath the desk.
Live Regime
Pending
Growth Score
Pending
Inflation Score
Pending
Liquidity Score
Pending
Live regime not yet available from Marcus.
Liquidity trend is not yet available.
Inflation engine data is not yet available.
Currency policy map has not populated yet.
Macro View
Choose the macro lens
Macro Scoreboard
G8 + China macro map
USD
United States
Restrictive but still leading
Growth
Moderating but resilient
Inflation
Still sticky enough to matter
Policy
Restrictive / higher-for-longer bias
Liquidity
Tighter than most peers
Marcus Summary
The US remains the main macro anchor because growth has not weakened enough to remove policy pressure, while inflation still prevents an easy dovish pivot.
EUR
Eurozone
Soft growth / moderate restriction
Growth
Softer
Inflation
Cooling but not irrelevant
Policy
Restrictive, though less dominant than Fed
Liquidity
Less tight than US
Marcus Summary
The Eurozone looks softer on growth and less globally dominant on policy, which limits EUR’s ability to lead the macro narrative.
GBP
United Kingdom
Inflation-heavy domestic macro
Growth
Mixed / fragile
Inflation
Sticky, especially services-led
Policy
Still reactive and restrictive
Liquidity
Tighter through front-end pressure
Marcus Summary
The UK remains one of the more inflation-sensitive developed markets, which keeps policy pricing and sterling volatility elevated.
JPY
Japan
Policy transition market
Growth
Secondary driver
Inflation
Less dominant than normalization path
Policy
Still loose versus peers
Liquidity
Supportive by comparison
Marcus Summary
Japan matters most through policy transition and yield normalization risk rather than through strong domestic growth or inflation leadership.
AUD
Australia
Cyclical with inflation sensitivity
Growth
Cyclical / externally sensitive
Inflation
Still relevant domestically
Policy
Firm but not globally dominant
Liquidity
Moderate
Marcus Summary
Australia sits in the cyclical bloc but still carries enough domestic inflation persistence to matter for policy and AUD pricing.
CAD
Canada
Oil + North America overlay
Growth
North America-linked
Inflation
Relevant but not dominant
Policy
Balanced restrictive
Liquidity
Moderate
Marcus Summary
Canada sits between domestic macro, oil, and US spillover, which makes CAD more conditional than a pure inflation or growth expression.
CHF
Switzerland
Coming soon
Growth
Coming soon
Inflation
Coming soon
Policy
Coming soon
Liquidity
Coming soon
Marcus Summary
Coming soon — this profile is not connected to a reliable Marcus source yet.
NZD
New Zealand
Coming soon
Growth
Coming soon
Inflation
Coming soon
Policy
Coming soon
Liquidity
Coming soon
Marcus Summary
Coming soon — this profile is not connected to a reliable Marcus source yet.
CNY
China
Coming soon
Growth
Coming soon
Inflation
Coming soon
Policy
Coming soon
Liquidity
Coming soon
Marcus Summary
Coming soon — this profile is not connected to a reliable Marcus source yet.