Deutsche Bank said that with the US dollar remaining weak, the euro will be trading in the range of 1.15-1.20 US dollars.

George Saravelos, from the research department of Deutsche Bank, stated in a report that with the continued weakening trend of the US dollar, the euro is expected to trade between 1.15 and 1.20 US dollars. The global head of foreign exchange research indicated that the narrowing gap between US and global growth, the loss of the US dollar's high yield status, and the possibility of an increase in US asset hedging ratios all suggest that the US dollar will continue to weaken. Deutsche Bank holds a neutral view on the euro against the US dollar in early 2026. The euro rose 0.5% to 1.1690 US dollars.