FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 38 institutional desks. No promotion.
US Treasuries: Curve steepens with long yields at cycle highs – Deutsche Bank FXStreet
| Firm | Stance | YE 2026 |
|---|---|---|
| Bearish |
| 1.1000 |
ING | Bullish | 1.1300 |
MUFG | Neutral | 1.1200 |
All 31 desk targets for EUR/USD
Desk synthesis pending
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USD resilience despite US political uncertainty suggests safe-haven demand remains the dominant driver; EUR/USD breakdown below 1.1200 month-range may accelerate if risk sentiment deteriorates.
EUR/USD upside capped by continued dollar cash rotation despite US tech weakness; Treasury correlation reassertion limits euro tactical strength.
EUR/USD breaks below 1.1200 technical level ahead of data events; watch for Eurozone retail sales and US nonfarm payroll reactions.
USD strength contingent on NFP data; break of 102.10 DXY would confirm momentum toward EUR/USD 1.1100 support.
EUR/USD trades 2.27% below the 31-firm median Dec-26 target of 1.14, with a 0.135 spread separating Citi's 1.085 floor from Commerzbank's 1.22 ceiling.
Cable sits 1.09% below the 20-firm median Dec-26 target of 1.35, with a 0.26-point dispersion that reflects sharply divided BoE-vs-Fed rate paths.
USD/JPY trades at 158.51, 1.61% above the 25-firm median Dec-26 target of 156.0, with a 30-figure dispersion signalling deep disagreement on the BoJ-Fed spread path.
31 investment banks see EUR/USD at 1.1469 by Dec 2026
View the live EUR/USD forecast