EUR/USD rebounds as midterm results put the dollar under pressure as markets reassess fiscal outlook
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Rabobank | Bearish | 1.1000 |
ING | Bullish | 1.1300 |
MUFG | Neutral | 1.1200 |
All 31 desk targets for EUR/USD
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USD: The Democrats’ victory in the US midterm elections has weighed on the US dollar on expected fiscal restraint. This also comes amid an overstretched market, as long dollar has been one of the most crowded trades this year, so it remains vulnerable to quick reversals on changi
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Euro to Dollar Forecast: US Midterms Democrat Sweep Put USD at Risk - CurrencyNews.co.uk
FX Daily: Dollar holds gains into midterms
Heading into US midterms, the dollar is bolstered by strong economic indicators, despite political uncertainties. Recent growth figures indicate a robust 3.4% annualized increase, keeping the Fed's hawkish outlook intact as it prepares for further rate hikes. Per the full note from ing-think, the markets are focused on the midterm elections, with a 70% chance for a Democratic sweep potentially leading to political gridlock which could shift risk sentiment. As the midterms draw near, key U.S. jobs data and business surveys will provide further context on the dollar's strength.