Wells Fargo: Don't Write-Off the Dollar, End-2026 EUR/USD Forecast 1.12

  • The Euro to Dollar exchange rate (EUR/USD) strengthened to 44-month highs around 1.1640 this week before settling just above 1.1600. Wells Fargo does see scope for limited dollar losses over the second half of 2025, but only sees EUR/USD gains to 1.17.