FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 36 institutional desks. No promotion.
To watch the press conference CLICK HERE . The EURUSD is trading at 1.1379 at the start of the press conference. Recent data points to some improvement in economic activity. Activity and services partly recovered. Digital services robust, partly on AI. Firms, households expected
| Firm | Stance | YE 2026 |
|---|
Société Générale | Bearish | 1.1400 |
Scotiabank | Bearish | 1.1200 |
Commerzbank | Bullish | 1.2200 |
All 30 desk targets for EUR/USD
Desk synthesis pending
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How we cover this story
Lower Fed terminal rate pricing narrows USD/EUR support; monitor PCE prints for conviction shifts in carry unwind risk.
Lower Fed rate hike odds reduce carry support for USD and extend EUR/USD reprieve; monitor next inflation print for hike probability reset.
ECB hawkish expectations tighten rate differential vs USD, supporting EUR/USD through policy divergence premium.
EUR/USD spot sits at 1.1571, just 0.25% below the 30-firm median Dec-26 target of 1.16, but a 0.14 dispersion range signals deep disagreement beneath the surface.
EUR/USD spot at 1.15705 sits just 0.25% below the 30-firm median Dec-26 target of 1.16, masking a 0.14 dispersion range from Citi's 1.10 to Nordea's 1.24.
EUR/USD spot sits 0.49% below the 30-firm median Dec-26 target of 1.16, with a 0.14 dispersion range signalling meaningful disagreement beneath a neutral headline bias.
30 investment banks see EUR/USD at 1.1628 by Dec 2026
View the live EUR/USD forecast