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Global economic outlook: Known unknown | FX Bank Forecast

30 investment banks see EUR/USD at 1.1654 by Dec 2026

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NORDEA INSIGHTS

Global economic outlook: Known unknown

2025-05-26 13:32Z

Nordea

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EUR/USD — All Desk Targets

30 desks

Firm	Stance	YE 2026	vs Cons.
Bank of America	Bearish	1.1200	-3.3%
ANZ	Bearish	1.1400	-1.6%
UOB	Bullish	1.1565	-0.2%

From the original

Economic Outlook Global economic outlook: Known unknown 26-05-2025 President Trump’s policy actions have caused a lot of volatility in the financial markets and the economic outlook since our previous forecast. Uncertainty is high, and, given Trump’s tendency to cause chaos, this

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