Dollar strength in focus: What's driving FX markets now
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Bank of America | Bullish | 1.1500 |
Scotiabank | Bullish | 1.1700 |
ANZ | Bullish | 1.1700 |
All 27 desk targets for EUR/USD
From the original
Markets and investment Dollar strength in focus: What's driving FX markets now 23-09-2026 The US dollar is riding a wave of positive momentum. But how long will it last, and what does it mean for the euro, Norwegian krone and Swedish krona? Article by Samir Barki , Sara Midtgaard
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FX Daily: AI jitters add fuel to USD rally
Current market dynamics showcase a strong rally in the USD, driven by equity turmoil and hawkish signals from the Federal Reserve. Per the full note [source], the ongoing sentiment shift towards safety amid tech stock declines, particularly in semiconductors, has led to a sell-off in currencies like the AUD and NZD, with the USD benefiting as a safe haven. Furthermore, underlying economic indicators, such as robust US growth forecasts, suggest continued support for the dollar. With EUR/USD trading at 1.1500, the market anticipates the ECB's struggle against poor PMIs could add to downward pressure on the euro. In contrast, a potential dovish tilt from the Fed in the medium term could introduce volatility into USD valuation.