The swiss consumer sentiment index rose to -23 points in the January survey from -27 in October, better than the median forecast which had called for a -40 read. However, when all said and done, it’s difficult to get too excited given how the improvement is coming off such a low base. As they say, “One swallow doesn’t make a Summer.” EUR/CHF sits at 1.4960, not a million miles away from where we left off Wednesday.