Lombard Odier Raises Dollar Forecast Against Swiss Franc
The firm projects the dollar will trade at 0.85 Swiss francs amid stronger U.S. economic growth expectations.
Updated on Oct. 19, 2026 in Economic Indicators
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Lombard Odier has adjusted its forecast for the U.S. dollar, now expecting the currency to reach 0.85 Swiss francs. The firm also maintains a 12-month assumption that the EUR/USD pair will trade at $1.09.
Why it matters
The revision reflects growing confidence in U.S. economic performance and a reduction in concerns regarding the independence of the Federal Reserve. These adjustments indicate a shift in how the firm balances its exposure to major global currencies.
Lombard Odier now forecasts the dollar at 0.85 Swiss francs, an increase from the previous 0.83 estimate. The firm also maintains a 12-month EUR/USD assumption of $1.09.
The players
Lombard Odier
Lombard Odier is a global wealth and asset management firm based in Switzerland that provides investment analysis and financial services.
The details
The decision to update the dollar outlook follows Lombard Odier's move to shift its dollar allocation from underweight to neutral earlier this year. This strategic adjustment is driven by a more optimistic view of U.S. growth and a normalization of perceptions regarding central bank autonomy.
Timeline
In June 2026, Lombard Odier shifted its dollar allocation to neutral.
On October 13, 2026, the firm made its EUR/USD assumptions public.
The article was published on October 19, 2026.
Macro View
The firm's currency adjustment aligns with market interpretations of the Federal Reserve's dual mandate for price stability and maximum employment. This shift follows historical patterns where currency valuations adjust in response to changing central bank policy expectations.
For investors, this shift signals a changing view on the strength of the U.S. dollar that may influence portfolio allocations and international purchasing power. Readers should monitor how these currency trends impact global investment strategies and cost of living in currency-sensitive regions.
The takeaway
The adjustment by Lombard Odier highlights the importance of monitoring central bank independence as a key driver of currency value. Investors should consider how shifting macroeconomic forecasts can impact the long-term stability of their international holdings.
Further reading
For more context on market movements, visit our Economic Indicators section.
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