UBS has revised its forecasts for the currency pair, indicating a bearish outlook in the short term. The financial services company revised its March 2022 target for the euro to Swiss franc exchange rate to 0.96, down from the previous 0.97. In addition, UBS presented a new forecast for June 2025, setting the target at 0.96.
I have seen the last few months EUR/CHF The pair saw a rapid rise, driven by unexpectedly positive economic data from the Eurozone and a carry trade trend that led to the selling of the Swiss franc. This rise in the value of the currency pair has been notable, but UBS expects this trend to be nearing its peak.
UBS forecasts indicate that the peak is at EUR/CHF The exchange rate may be driven by the expected start of interest rate cuts by the European Central Bank (ECB). The company expects that these policy changes will affect the course of the currency pair in the near future.
The current status of EUR/CHF UBS views the exchange rate as unstable, especially given the large size of short positions on the Swiss franc. This assessment implies a cautious stance on the currency pair, as the market expects policy shifts from the European Central Bank that may affect the value of both the euro and the Swiss franc.
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