🎈💶Euro-Swiss CESI Differential At Highest Since Early 2021: Cable FX Macro

**As seen in Macro Walk report 01/27/23, subscribe at cablefxm.co.uk/reports

• We have seen a strong divergence between the eurozone Citi Economic Surprise Index and the Swiss equivalent. Measured by the spread of the surprise indexes, the series reads at the highest since early 2021

• In the G10 ranking, the euro is now leading the group while the Swiss index bottoms at -86

• Given the difference in economic sentiment and the recent risk on trading, it is interesting to see if EUR/CHF re-tests the 1.10 level