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2025-09-16 23:00:47
【UniCredit: The euro is unlikely to rise significantly further against the dollar】 Analysts at The Investment Institute by Unicredit said in a report that the euro is unlikely to rise significantly further against the dollar as expectations for interest rates from the Federal Reserve (Fed) and the European Central Bank (ECB) have been digested. They said that the prospect of the ECB keeping interest rates unchanged and the Federal Reserve cutting interest rates by about 150 basis points has been reflected in forward interest rates for the whole year of 2026. "We now aim for the euro to reach 1.20 against the dollar by the fourth quarter of 2025 and 1.23 by the fourth quarter of 2026, taking into account our new Fed baseline scenario, where the Fed only cuts interest rates by 75 basis points by June 2026." Data from the London Stock Exchange (LSEG) showed that the euro rose to a two-and-a-half-month high of 1.1821 against the dollar.
