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Currency outlook EUR/USD

EUR to USD Forecasts – euro to US dollar

Latest EUR to USD forecasts including bank predictions, key market drivers and recent trends for EUR/USD. See where analysts expect the pair to move and the factors likely to influence it.

EUR to USD Forecast & Outlook

22 Jul 2026 • 00:25 GMT

EUR/USD 1.1398

📊 Forecast snapshot

  • Near-term bias: 🔴 Mild downside
  • Expected range: 1.1160 – 1.1400
  • Dominant driver: 🌍 Global risk sentiment
  • 3-month trend: ⚪ Range-bound

Currently, EUR/USD is trading near 7-day lows at 1.1398, below the 3-month average of 1.1561. Risk sentiment remains centered on safe-haven flows into USD, pressured by geopolitical tensions and elevated oil prices. Near-term conditions suggest the pair may remain supported by risk-off behavior and could stay under downside pressure if risk appetite continues to fade.

💸 Transfer implications

  • Expats: sending money to the US may find USD more favourable than recent levels if the pair weakens further.
  • Travellers: buying USD cash might face less favourable rates if EUR/USD continues to decline.
  • Businesses: paying US Dollar invoices in EUR could see higher costs if the pair stays near recent lows.

🧭 Key drivers

  • Rate gap: The Euro's yield advantage over the US Dollar has narrowed, with the Fed remaining hawkish.
  • Risk/commodities: Elevated oil prices and geopolitical tension boost USD safe-haven demand.
  • Global factors: Geopolitical risks heighten safe-haven flows, supporting USD in risk-off conditions.

⚠️ What could change it

  • Upside risk: Signs of easing geopolitical tensions or a shift in risk sentiment could support the euro.
  • Downside risk: Further escalation of tensions or sustained oil price rises may deepen USD demand.

BER suggests monitoring broader risk conditions and comparing FX providers to help offset less favourable exchange rates.

 

EURUSD Bank Forecasts to end of the year

The outlook for EUR/USD is mixed among major banks as they provide varying forecasts for the end of the year. Bank of America anticipates a stronger dollar, expecting EUR/USD to reach 1.15, influenced by the potential hawkish stance of the Federal Reserve. On the other hand, ING forecasts the pair to rise to 1.18, expecting a softer dollar due to a more dovish Fed outlook and diminishing energy sensitivities. UBS maintains a more balanced view with the pair around 1.20, seeing risks evenly distributed.

Big bank views

  • Bank of America expects EUR/USD to end 2026 at 1.15, citing a stronger dollar.
  • ING projects EUR/USD to reach 1.18 by year-end, anticipating moderate USD depreciation.
  • UBS sees EUR/USD risks balanced around 1.20 through the end of 2026.

What could change the outlook

  • A shift in the Federal Reserve's monetary policy stance could significantly impact USD strength.
  • Eurozone inflation data and ECB policy actions might affect euro movements against the dollar.
 

EUR-USD Rate Calculator

 
 
   
   
   
   
   
 
 

EUR to USD Market Data

Euro (EUR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell EUR   →   Buy USD
1 EUR =
1.1411We compare provider deals to this wholesale mid-market rate. Read more
USD
1d−0.1%▼
EUR to USD is at 7-day lows near 1.1398, 1.4% below its 3-month average of 1.1561, having traded in a very stable 3.8% range from 1.1359 to 1.1789
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  1 USD = 0.8764 EUR

Compare & Save - euro to US dollar

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare euro (EUR) to US dollar (USD) rates from different sources before making a conversion.

Use our EUR to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Dollar currency rates and the possible savings of using various providers.

 
 

Will the Euro rise against the US dollar?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the euro vs US dollar current value is to look the EUR/USD historic rate and change over a range of periods.

The following table looks at the change in the EUR to USD exchange rate over periods from the previous week back to the last 10 years.

DateEUR/USDChangePeriod
08 Jul 2026
1.1421
0.1% ▼2 Week
23 Apr 2026
1.1684
2.4% ▼3 Month
22 Jul 2025
1.1738
2.8% ▼1 Year
23 Jul 2021
1.1772
3.1% ▼5 Year
24 Jul 2016
1.0970
4% ▲10 Year
27 Jul 2006
1.2714
10.3% ▼20 Year
EUR/USD historic rates & change to 22-Jul-2026

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add EUR/USD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more