FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
In the latest Macro MATTers podcast, Matthew Luzzetti (Chief US Economist) and Matthew Raskin (Head of US Rates Research) discuss recent events moving markets. In this episode, they discuss the June jobs report, takeaways from the June FOMC meeting and subsequent Fedspeak, and a
| Firm | Stance | YE 2027 |
|---|---|---|
MUFG | — | 1.2000 |
Citi | — | 1.1200 |
UOB | — | 1.1445 |
All 28 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.
In the meantime, the most useful reads are the related coverage and primary source below — both reach the same substance from different angles.
How we cover this story
Market positioning ahead of US NFP suggests EUR/USD vulnerability on stronger-than-expected employment data, which would support USD strength and widen Fed/ECB policy divergence.
Easing bearish momentum near weekly resistance at 1.1435 suggests consolidation risk; watch for break above to confirm EUR recovery or fade into support.
Fed policy trajectory remains the primary EUR/USD driver; expectations of sustained US rates constrain euro upside.
USD/JPY trades at 161.12, nearly 9% above the 22-firm Dec-2026 consensus of 148.0, with a 24-point dispersion reflecting deep disagreement on the BoJ-Fed rate spread.
EUR/USD spot at 1.1422 trails a 24-firm median Dec-26 target of 1.20 by 4.82%, with a max-min dispersion of 0.18 across the panel.
Cable trades at 1.3235 against a 21-firm median Dec-2026 target of 1.35, a 1.97% gap that hinges on the relative pace of BoE versus Fed easing.
28 investment banks see EUR/USD at 1.1805 by Dec 2026
View the live EUR/USD forecast