FX Daily: EUR/USD starting to look cheap
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
Société Générale | Bearish | 1.1400 |
Scotiabank | Bearish | 1.1200 |
Commerzbank | Bullish | 1.2200 |
All 30 desk targets for EUR/USD
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https://think.ing.com/articles/fx-daily-eur-usd-starting-to-look-cheap/
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FX Daily: Recovery in bonds and EUR/USD looking fragile
Lead — The EUR/USD recovery appears tenuous amidst a resurgence in bond yields, with the pair currently trading at 1.1500, highlighting the fragility of this bullish sentiment. Per the full note from ING Economics, despite recent optimism, challenges persist due to unexpectedly hawkish positioning from central banks, particularly the ECB, which suggests a cautious landscape for sustained euro appreciation. The consensus targets reflect broader mixed expectations, with March 2026 forecasts clustering around 1.1700 to 1.2000 and Dec 2026 projections generally exceeding the current spot rate. Given the lack of significant economic data on the calendar in the upcoming weeks, traders should remain vigilant for external shocks that could disrupt this delicate balance.