Forecasts
Forecasts
Welcome to the forecasts page on FX Bank Forecast, your comprehensive resource for normalized foreign exchange research from 18 leading institutional desks, including JPMorgan, Goldman Sachs, Bank of America, and more. This page aggregates insights and analyses from these prominent financial institutions, providing you with a consolidated view of market expectations and trends.
Here, you can explore a variety of forecasts related to currency pairs, economic indicators, and monetary policy developments. By synthesizing research from multiple banks, we aim to equip you with the information needed to make informed decisions in the dynamic world of foreign exchange trading.
Top bank desks we track
INR supported by RBI reserve accumulation slowing and improving portfolio flows. India's growth premium vs EM peers provides fundamental support, though low beta limits upside.
INR steady with RBI support. Low beta limits upside but provides defensive positioning. Targeting 86.50.
BNP Paribas forecasts EUR/USD at 1.21 by Q4 2026 (5.2% higher vs current 1.15). Consistent with the report's broader thesis: "Gradual USD depreciation in an Expansion regime; EUR and high-yield EM lead, Asia FX lags". Bullish stance on EUR
Citi forecasts USD/MXN at 19.2 by Q4 2026 (4.3% lower vs current 18.4). Consistent with the report's broader thesis: "Out-of-consensus bullish USD; cyclical re-acceleration drives a stronger dollar through H1, fading into year-end". Bearish
Commerzbank forecasts AUD/USD at 0.71 by Q4 2026 (7.6% higher vs current 0.66). Consistent with the report's broader thesis: "USD under pressure on excessive Fed cuts and Fed independence concerns; EUR overvalued but USD overvaluation great
INR supported by improving portfolio flows and RBI policy shift. India growth premium provides fundamental support. Targeting 85.00.
Bullish MXN on carry, nearshoring flows, and USMCA resolution expectations. Positioning is clean after 2025 washout. Banxico's measured easing pace preserves carry advantage. MXN 13% YTD gain not overextended vs EM peers.
Latest bank commentary
PBOC sets USD/ CNY reference rate for today at 6.8203 (vs. estimate at 6.7770)
· investinglive-cb· Jun 4, 2026The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. Zero 7-day reverse repos in open market operates today. Second day in a row. This article was written by Eamonn Sheridan at investinglive.com.
PBOC is expected to set the USD/CNY reference rate at 6.7770 – Reuters estimate
· investinglive-cb· Jun 4, 2026The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under whic
What Should Japan Do?
· robin-brooks-substack· Jun 3, 2026An imagined conversation on Japan with my friends Brad Setser and Joe Gagnon
ICYMI - Fed dissenter Logan raises alarm on inflation ahead of Warsh's first meeting
· investinglive-cb· Jun 3, 2026Dallas Fed's Logan says monetary policy is not restraining the economy and warns higher rates may be needed later this year to return inflation to the 2% target. Summary: Logan says monetary policy is not restraining the economy, with financial conditions accommodative and corpor
Rates Spark: Spread exposures
ing· gmail-imap· Jun 3, 2026https://think.ing.com/articles/rates-spark-spread-exposures/
Rates Spark: Spread exposures
ing· gmail-imap· Jun 3, 2026https://think.ing.com/articles/rates-spark-spread-exposures/
Frequently asked questions
- What types of forecasts can I find on this page?
- This page features a range of forecasts related to currency pairs, economic indicators, and insights on monetary policy from 18 major banks.
- How often is the content on this page updated?
- The forecasts page is regularly updated to reflect the latest research and commentary from the participating banks, ensuring you have access to current insights.
- Which banks are included in the FX Bank Forecast coverage?
- Our coverage includes 18 leading banks such as JPMorgan, Goldman Sachs, Bank of America, HSBC, and more.
- How should I interpret the forecasts provided on this page?
- The forecasts are aggregated insights from various banks, and while they provide valuable perspectives, they should be considered as part of a broader analysis rather than definitive predictions.
- Can I access the original research documents from the banks?
- While this page aggregates and normalizes the forecasts, access to the original PDFs from each bank may vary; please check their respective websites for full reports.
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.