Fed keeps rates unchanged at 3.75%.
The full statement from the Federal Reserve: The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve'
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
Desk synthesis pending
We’re writing the institutional analysis for this note — multi-section body, firm-by-firm alignment chips, key takeaways, market implications, risks. The synthesizer processes the queue hourly, with priority by citation density.
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Sources & References
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Related news on this pair
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Lower Fed terminal rate pricing narrows USD/EUR support; monitor PCE prints for conviction shifts in carry unwind risk.
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EUR/USD reacts to data: Fed rate hike expectations fall
Lower Fed rate hike odds reduce carry support for USD and extend EUR/USD reprieve; monitor next inflation print for hike probability reset.
EUR/USD Price Forecast: Hawkish ECB prospects support Euro
ECB hawkish expectations tighten rate differential vs USD, supporting EUR/USD through policy divergence premium.
Cross-firm research
USD/JPY Consensus Check: Spot at 159.05, Median Target 152.0 — Week of August 17, 2026
USD/JPY trades 4.64% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ-Fed spread path.
EUR/USD Consensus Check: Spot at 1.1571, Median Target 1.16 — Week of August 16, 2026
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.
USD/JPY Consensus Check: Spot at 159.32, Median Target 152.0 — Week of August 16, 2026
USD/JPY trades 4.82% above the 23-firm median Dec-26 target of 152.0, with a 25.5-point dispersion range signalling deep disagreement on the BoJ rate path.