Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How to measure how the Australian dollar is faring independent of the US dollar
The best answer to your question would to be what the interest rates are like in Australia itself.  The Reserve Bank sets the target ‘cash rate’, which is the market   interest rate on overnight funds. It uses this as the instrument for   monetary policy, and influences the cash rate through its financial   market operations. Decisions regarding the cash rate target are made   by the Reserve Bank Board and explained in a media release announcing   the decision at 2.30 pm after each Board meeting. (Prior to December   2007, media releases were issued only when the cash rate target was   changed.) From Investopedia: How Rates Are Calculated  Each central bank's board of directors controls the monetary policy of its    country and the short-term prime   interest rate that banks use to borrow from each other. When the   economy is doing well, interest rates are hiked in order to curb   inflation and when times are tough, cut rates to encourage lending and   inject money into the economy. Have a look at this from graph from http://www.rba.gov.au/monetary-policy/int-rate-decisions/ I would then go to a website that allows you to compare, graphically, whichever interest rate you want.(Or you could get the raw data and run some analysis, to each his own)  FYI, this topic (FX) is incredibly complex and I hope my answer satisfies your needs.Otherwise, talk to a quant. You will need a ton of data inputs to model the entire economy of Australia to try and predict what the central bank will do, which is what people try and do everyday. Best of luck!