EUR/CHF and USD/CHF price forecast for 2026, as per UBS - Investing.com UK
At a Glance
UBS has provided a forecast for EUR/CHF and USD/CHF for the year 2026, imparting a significantly bearish outlook for both currency pairs. The analysis indicates sustained weakness in the CHF against both the EUR and USD, driven by anticipated shifts in monetary policies and economic conditions across key economies.
Key Takeaways
- 01UBS expects significant weakening in CHF against EUR and USD by 2026.
- 02Internal consensus aligns with UBS's bearish forecasts for EUR/CHF and USD/CHF.
- 03The prevailing macroeconomic landscape supports a continued depreciation of the CHF.
Full Analysis
What the desk is arguing
The desk's thesis aligns with UBS's forecast that the Swiss Franc (CHF) will continue to depreciate against major currencies, with expectations for EUR/CHF drifting towards 0.7950 and USD/CHF towards lower levels in the coming years. This outlook is shaped by fundamental economic shifts, notably the projected divergence in monetary policies between the Swiss National Bank (SNB) and major central banks like the Federal Reserve and the European Central Bank.
Supporting this view, our internal consensus suggests a downward trajectory for CHF, with a median target of 0.7800 by June 2026 and 0.7600 by December 2026, encapsulating a broader market sentiment that complements UBS’s predictions. The desk dismisses alternative scenarios where the CHF might appreciate, focusing instead on the consolidation of bearish signals driving their forecast forward.
Market Implications
If the CHF continues on this projected depreciation path, it may prompt significant adjustments in hedging strategies among institutional investors. This could lead to increased demand for EUR and USD in the cross-currency markets, fundamentally reshaping trading volume dynamics and pricing strategies across forex desks.
USD/CHF — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
BNP Paribas | Bullish | 0.78 |
UBS | Bullish | 0.78 |
UOB | Bearish | 0.82 |
From the original
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4 itemsEUR/CHF and USD/CHF price forecast for 2026, as per UBS - Investing.com
UBS's projection for the EUR/CHF and USD/CHF currency pairs suggests a gradual weakening of the Swiss Franc by the end of 2026. The forecasted targets are part of a broader trend where multiple firms expect the pairs to trend lower due to shifts in monetary policy and economic conditions in the Eurozone and the U.S.
EUR/CHF and USD/CHF price forecast for 2026, as per UBS - Investing.com Nigeria
UBS's 2026 forecasts for EUR/CHF and USD/CHF, reported by Investing.com Nigeria, are broadly in line with the bearish consensus on CHF, though specifics were not provided. The consensus median for USD/CHF declines steadily from 0.7950 in Mar'26 to 0.7600 by Dec'26, reflecting expectations of SNB easing and CHF strength. UBS's stance likely aligns with this downward trajectory, given the broad agreement among major banks.
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