Wells Fargo Forecast: Dollar Back Next Year, EUR/USD at 1.12 by End 2026

  • The Euro to Dollar exchange rate (EUR/USD) stalled close to 1.18 last week and retreated to around 1.1720 on Monday after the US and EU agreed a framework trade deal. Wells Fargo still sees the risk of limited dollar losses over the remainder of 2025 with EUR/USD at 1.18 at year-end.