EUR/CHF

Fundamentals favour the Euro by 46 points.

On the Macro Currency Strength Meter, the Euro scores -6 and the Swiss Franc scores -52 — a gap of 46 points in favour of the Euro. The widest divergence is in interest rates, which favours the Euro. All else equal that gap is a fundamental tailwind for the Euro against the Swiss Franc — though markets may already have priced much of it in.