Fubotv earnings beat by $0.10, revenue topped estimates
Investing.com - UBS has adjusted its Swiss franc forecasts downward, citing strong fundamentals and global uncertainty that continue to position the franc as the preferred defensive currency. The Swiss National Bank’s actions are expected to help maintain EUR/CHF stability and limit excessive franc appreciation in the short term.
The bank now forecasts EUR/CHF at 0.93 for September and 0.94 through June 2026, down from its previous forecast of 0.95 across all periods. UBS notes that while the euro should gain support from German fiscal stimulus and the end of the ECB easing cycle in the second half of the year, short-term volatility from US tariffs will likely keep the pair under pressure.
For GBP/CHF, UBS projects the pair to trade broadly rangebound between 1.07-1.08 over its forecast horizon in spot terms. The bank attributes the pair’s recent decline to geopolitical and trade risks fueling CHF demand, while UK fiscal risks have weakened the pound.
The USD/CHF pair reflects ongoing dollar weakness due to trade tensions, slowing US growth, rising debt, and anticipated Fed rate cuts. UBS has significantly revised its USD/CHF forecast to 0.78 in September and December, 0.77 in March 2026, and 0.76 by June 2026, down from previous forecasts of 0.82, 0.82, 0.81, and 0.79 respectively.
UBS expects any periods of USD/CHF strength above 0.80 to be short-lived, as the Swiss franc demonstrates stronger safe-haven qualities supported by better fundamentals and investor demand amid persistent global uncertainty.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.