Scotiabank: target for the euro/dollar currency pair at the end Of 2026 Is 1.20

According to Scotiabank*, the euro/dollar currency pair is moving steadily upward and could rise to 1.20 at the end of next year.

Scotiabank believes the US administration's tariff policies have fueled further expectations that the era of American exceptionalism is over, leading to an outflow of investment and undermining the dollar.

The dollar will also be vulnerable if the US economy begins to deteriorate and the Fed eventually succumbs to pressure and cuts interest rates.

Scotiabank also believes the size and speed of the euro's recovery is an important signal, especially as it emerges from the relatively narrow ranges that have prevailed since late 2022.

*ScotiabankIs the third largest bank in Canada by deposits and market capitalization.

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