EUR/CHF and USD/CHF price forecast for 2026, as per UBS - Investing.com Nigeria

What the desk is arguing

The desk argues that the Swiss franc will weaken modestly through 2026, driven by the Swiss National Bank's (SNB) accommodative policy stance and a global risk-on environment that reduces safe-haven demand. UBS's EUR/CHF and USD/CHF forecasts, as reported by Investing.com Nigeria, are expected to reflect this view, with CHF softening against both the euro and the dollar.

Supporting evidence includes the SNB's willingness to cut rates further if needed, with the market pricing additional easing, and a rebound in risk appetite that typically weighs on the franc. The consensus among major banks points to a gradual depreciation of CHF, with median USD/CHF targets falling from 0.7950 in March to 0.7600 by December 2026.

The desk implicitly rejects the scenario of a sustained CHF appreciation, even amid geopolitical risks. While safe-haven flows could occasionally support CHF, the SNB's interventionist history and the current rate differential are seen as containing any significant upside.