EUR/CHF: the macro gap
On the Macro Currency Strength Meter, the Euro scores -39 and the Swiss Franc scores -29 — a gap of 10 points in favour of the Swiss Franc. The widest divergence is in risk mood, which favours the Euro. With both currencies scoring similarly, the fundamental case here is broadly balanced.
Strength gap
-9.5
Stronger side
CHF
Edge is
Widening
Scores
-39 vs -29
Factor by factor
Positive is stronger relative to the other majors, not in absolute terms. The gap column is EUR minus CHF.
| Factor | EUR | CHF | Gap |
|---|---|---|---|
| Interest Rates | -66 | -46 | -20.2 |
| Positioning | -27 | +7 | -33.7 |
| Risk Mood | -0 | -44 | +43.9 |
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