Wells Fargo Forecast: Dollar Fears Exaggerated, End-2025 EUR/USD Forecast 1.11

  • After the surge to above 1.1550 on April 21st, the Euro to Dollar (EUR/USD) exchange rate has been in a consolidation phase with support below 1.1250. Wells Fargo sees scope for the dollar to recover ground during the second quarter with EUR/USD retreating to 1.10 by the end of the second quarter.