FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
This exchange builds directly on Bessent's own comments from the same G20 gathering, in which he said he believes Japan will act to strengthen the yen and that markets are pricing in a BOJ hike, giving that framing an official Japanese counterpart on record confirming the two sid
| Firm | Stance | YE 2026 |
|---|
UOB | Bearish | 1.1140 |
ABN AMRO | Bullish | 1.1500 |
Bank of America | Bullish | 1.1500 |
All 28 desk targets for EUR/USD
Desk synthesis pending
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How we cover this story
French fiscal deterioration coupled with USD strength narrows EUR/USD support; monitor French bond spreads for contagion risk to broader eurozone credit.
Persistent USD demand signals potential EUR/USD downside to 1.1000, suggesting dollar strength may be structurally underpinned rather than tactical.
EUR resistance failure at 1.1200 combined with Eurozone debt concerns suggests structural headwinds for EUR/USD near-term; elevated oil prices add stagflation risk to ECB policy calculus.
ING structural thesis on EUR/USD weakness suggests institutional positioning remains tilted short euro, limiting rally attempts on technicals.
Cable trades at 1.3234 against a 20-firm median Dec-26 target of 1.355, a 2.33% gap that reflects divergent BoE-vs-Fed rate path assumptions.
EUR/USD spot sits 3.43% below the 31-firm median Dec-26 target of 1.16, with a 0.155 dispersion range signalling deep disagreement on the Fed-ECB rate path.
Cable trades 2.33% below the 20-firm median Dec-26 target of 1.355, with a 0.26-figure dispersion that reflects a live debate over BoE-vs-Fed cut sequencing.
28 investment banks see EUR/USD at 1.1563 by Dec 2026
View the live EUR/USD forecast