RBC: Expects EUR/USD to rise to 1.24 in Q4 2026

MetaEraSep 19, 2025
#Macro
On September 19 (UTC+8), strategists at RBC Capital Markets stated that the euro-to-dollar exchange rate may rise from its current 1.1759 to 1.24 in the fourth quarter of 2026, as the European Central Bank will maintain interest rates unchanged for a longer period. They pointed out that the market is still digesting the risk of further interest rate cuts, but as the economic growth outlook remains stable, this expectation may gradually fade in the coming months. In contrast, the Federal Reserve restarted interest rate cuts on Wednesday and signaled that it would cut rates further. Lower interest rates will reduce the cost for foreign investors to hedge against the risk of dollar depreciation. At the same time, the market expects funds to continue to flow from the United States to Europe, resulting in asset allocation adjustments. (Source: Jin10) [MetaEra]
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RBC: Expects EUR/USD to rise to 1.24 in Q4 2026

MetaEraSep 19, 2025
#Macro
On September 19 (UTC+8), strategists at RBC Capital Markets stated that the euro-to-dollar exchange rate may rise from its current 1.1759 to 1.24 in the fourth quarter of 2026, as the European Central Bank will maintain interest rates unchanged for a longer period. They pointed out that the market is still digesting the risk of further interest rate cuts, but as the economic growth outlook remains stable, this expectation may gradually fade in the coming months. In contrast, the Federal Reserve restarted interest rate cuts on Wednesday and signaled that it would cut rates further. Lower interest rates will reduce the cost for foreign investors to hedge against the risk of dollar depreciation. At the same time, the market expects funds to continue to flow from the United States to Europe, resulting in asset allocation adjustments. (Source: Jin10) [MetaEra]
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