Bank of America maintains the EUR/USD exchange rate forecast, which is expected to reach 1.15 by the end of 2026 and rise further to 1.20 by the end of 2027. The agency pointed out that the fundamentals of the US economy remain stable, the unemployment rate remains at about 4%, and the economic growth rate is about 2%, providing support for the US dollar; Eurozone economic activity data continues to be better than expected, and the ECB's policy stance on maintaining anti-inflation credibility also supports the euro. The Bank of America believes that the ongoing war in Iran and the resulting supply shocks, the potential major risks of artificial intelligence, fiscal problems, the resurgence of trade tension, and the US midterm elections all constitute market uncertainty. Regarding the Eurozone, the agency specifically pointed out that high energy prices and developments in France are major downside risks in the short term.

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