Bank of America’s November global fund manager survey shows most investors expect the euro to end 2026 stronger but still within familiar territory.
- Nearly half (48%) see EUR/USD finishing in a $1.10–$1.20 range, roughly in line with today’s 1.1587 level.
- Another 30% expect a push higher into the $1.20–$1.30 band.
- Very few investors foresee a break of the extremes: just 2% expect sub-$1.00 levels and 2% see a rally beyond $1.30.
Views on valuation have moderated. Forty-five percent say the US dollar is overvalued, down from 50% in October, while the share viewing the euro as undervalued has fallen to 13% from 17% last month.
This article was written by Eamonn Sheridan at investinglive.com.