Scotiabank Forecast: EUR/USD Long-Term Downtrend Reversed, End-2026 Target 1.20

  • The Euro to Dollar (EUR/USD) exchange rate surged to 3-year highs above 1.1550 last week before a limited correction to around 1.1350 as President Trump drew back from threats to sack Fed Chair Powell. According to Scotiabank, there has been a decisive move higher for EUR/USD with the potential for gains to 1.20 at the end of next.