Bank of America Forecasts EUR/USD to Reach 1.15 by Year-End 2026
Bank of America has set a year-end 2026 target of 1.15 for the EUR/USD currency pair, projecting a modest depreciation of the U.S. dollar to resume in 2027.
Latest by Sofia Alvarez
U.S. 10-Year Treasury Yield Surges Past 5% to 19-Year High on Inflation Fears
Benchmark U.S. Treasury yields hit levels not seen since 2007 as strong economic data, a weak government debt auction, and hawkish Fed commentary sparked a major bond market sell-off.
Pound, Euro Gain as Surging U.S. Dollar Rally Shows Signs of Stalling
The British pound and euro edged higher on Thursday as the U.S. dollar's recent sharp advance, driven by surging Treasury yields, paused for breath. Analysts noted the dollar's move appeared stretched, shifting focus to upcoming Federal Reserve commentary.
Dollar Holds Two-Month High on Rate Hike Bets, Pressuring Asian Currencies
The U.S. dollar maintained its position near a two-month peak on Thursday, fueled by strong economic data and rising inflation concerns that have intensified bets on another Federal Reserve rate hike, placing varied pressure on Asian currencies.
Pound, Euro Weaken as Hawkish Fed Commentary Boosts US Dollar
The British pound and euro fell against a strengthening U.S. dollar on Tuesday, as hawkish remarks from Federal Reserve officials overshadowed domestic factors and bolstered rate hike expectations.
Dollar Edges Higher as Forex Markets Await High-Stakes US-China Summit
The U.S. dollar saw modest gains in Asian trade as most regional currencies held steady, with market participants adopting a cautious stance ahead of a pivotal meeting between U.S. and Chinese leaders.
Eurozone Bond Yields Fall as US-Iran Diplomatic Hopes Cool Energy Prices
Eurozone government bond yields declined on Wednesday, with Germany's benchmark 10-year yield falling as a sharp drop in oil and gas prices eased inflation fears. The move was triggered by signs of a potential diplomatic breakthrough between the United States and Iran.
FX Options Traders Bet on Continued Strength for South Korean Won
The South Korean won has surged over 14% against the U.S. dollar since July, and activity in the foreign exchange options market suggests traders are positioning for the rally to extend through the end of the year.
Dollar Strengthens on Hawkish Fed Bets, Pushing Pound and Euro Lower
The U.S. dollar extended its gains against the British pound and euro as investor focus remains locked on the Federal Reserve's aggressive policy outlook, overshadowing strong economic data from the Eurozone.