SNB Tschudin: Swiss inflation is low because of low inflation expectations
SNB Governing Board member Petra Tschudin is commenting on the inflation and interest-rate outlook, with the central bank keeping the door open to negative rates if needed. At the same time, she cautions against interpreting the SNB’s inflation forecasts as a signal that rates wi
USD/CHF — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
MUFG | Bullish | 0.76 |
Deutsche Bank | Bullish | 0.75 |
J.P. Morgan | Bullish | 0.80 |
All 20 desk targets for USD/CHF
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Cross-firm research
USD/CHF Consensus Check: Spot at 0.7997, Median Target 0.78 — Week of August 21, 2026
USD/CHF trades 2.52% above the 20-firm median Dec-26 target of 0.78, with a 0.09 spread separating Citi's 0.83 bull case from StanChart's 0.74 floor.
USD/CHF Consensus Check: Spot at 0.7973, Median Target 0.78 — Week of August 19, 2026
USD/CHF trades 2.21% above the 20-desk median Dec-26 target of 0.78, with a 0.09 spread separating Citi's 0.83 bull case from StanChart's 0.74 floor.
USD/CHF Consensus Check: Spot at 0.8120, Median Target 0.78 — Week of August 18, 2026
USD/CHF trades 4.1% above the 20-firm median Dec-26 target of 0.78, with a 0.09 spread between Citi's 0.83 ceiling and StanChart's 0.74 floor.