MUFG sees euro rallying to 1.20 against dollar by 2027 as ECB nears rate peak
Rate spread dynamics are reasserting themselves as the dominant EUR/USD driver now that Middle East risk premium has largely unwound from oil prices. A narrowing gap between US and European yield expectations, as Fed hike pricing fades faster than ECB pricing, points to scope for
EUR/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UBS | Bullish | 1.1600 |
ING | Bullish | 1.1300 |
Société Générale | Bearish | 1.1000 |
All 29 desk targets for EUR/USD
Desk synthesis pending
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Related news on this pair
Euro retreats as US Dollar regains ground, France's debt worries weigh
French fiscal deterioration and political risk are now exerting visible pressure on EUR/USD technicals; watch for further ER/USD breaks if domestic political clarity fails to materialize.
Euro: French spreads threaten downside against US Dollar – BBH
French fiscal stress and widening OAT-Bund spreads create tail risk for EUR/USD support, with 1.1000 now in play if political uncertainty deepens before 2027.
Euro: Limited upside as US Dollar stays strong – ING
Fed tightening expectations remain anchored while EUR/USD downside is capped only by short-covering; structural Dollar strength likely persists.