Forecasts
Forecasts
This page is part of FX Bank Forecast — an aggregator that normalises bank research PDFs into a searchable forecast and commentary database. Explore the top desks below or jump straight to the consolidated /forecasts and /reports indexes.
We refresh bank research every 15 minutes through our pdf-intake worker. New trade ideas, currency views, and quarterly forecasts surface automatically across the relevant currency, pair, and firm pages.
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
Christine Lagarde: When It Matters Most: Upholding Independence in Challenging Times
· ecb-press· May 28, 2026SPEECH When It Matters Most: Upholding Independence in Challenging Times Speech by Christine Lagarde, President of the ECB, at the 28th meeting of Francophone Central Bank Governors, in Phnom Penh, Cambodia Phnom Penh, 28 May 2026 “I want the bank to be in the hands of the govern
Fed's Goolsbee warns AI hype and oil shock are combining to push rates higher
· investinglive-cb· May 28, 2026Chicago Fed President Goolsbee warned that anticipated AI productivity gains are inflationary and that an oil shock makes the problem worse, saying the bigger the AI hype, the more rates may need to rise. Summary: Source: Chicago Federal Reserve President Austan Goolsbee, remarks
Bank of Korea holds at 2.50% but dot plot points firmly to rate hikes ahead
· investinglive-cb· May 28, 2026The Bank of Korea held its benchmark rate at 2.50% but two board members dissented in favour of an immediate hike, and the dot plot showed 10 of 21 projections at 3.00% within six months. Governor Shin Hyun Song press conference scheduled 0210 GMT Summary: Source: Bank of Korea m
Japanese bond yields rise as bridging bond plan stirs fresh fiscal worry. Yen soft.
· investinglive-fx· May 28, 2026Japanese government bond yields rose Thursday after reports the ruling LDP plans to issue bridging bonds to fund investment, reviving fiscal concerns alongside growing speculation of a BOJ rate hike in June. Summary: The benchmark 10-year JGB yield rose 3 basis points to 2.72%, n
PBOC sets USD/ CNY reference rate for today at 6.8240 (vs. estimate at 6.7861)
· investinglive-cb· May 28, 2026The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here. Injects 101.3bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%. This article was written by Eamonn Sheridan at investinglive.com.
Fed's Jefferson says stopping second-round inflation effects is the Fed's core task
· investinglive-cb· May 28, 2026Fed Vice Chair Jefferson says monetary policy cannot offset first-round energy price effects but must prevent them converting into second-round inflation, with the resilient labor market keeping the focus firmly on the 2% target. Summary: Source: Federal Reserve Vice Chair Philip
Site index
FX BANK FORECAST · COVERAGE
Institutional FX coverage in your inbox
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.