The five factors
Interest Rates
-58
Positioning
-2
Risk Mood
-0
Partial data this run: monetary.
Model versus price
{'state': 'inline', 'label': 'Broadly in line', 'detail': 'No strong divergence: the -28 fundamental read and the +0.2% three-month move against the dollar are roughly consistent.'}
The readings behind it
| Indicator | Latest | As of |
|---|---|---|
| 10-year yield | 2.97% | 2026-06-01 |
| Real 10-year (after inflation) | +0.04% (2.9% CPI) | 2026-06-01 |
| Fund positioning | 11th pctile | 2026-09-08 |
| 3-month move vs USD | +0.2% | None |
| Valuation (vs 1-yr norm) | near fair value | None |
Strength gap against the other majors
A positive gap means the Euro scores higher than the other side of the pair right now.