EUR to USD Forecast & Outlook
25 Jul 2026 • 00:26 GMT
📊 Forecast snapshot
- Near-term bias: 🔴 Mild downside
- Expected range: 1.1160 – 1.1380
- Dominant driver: 🌍 Global risk sentiment
- 3-month trend: ⚪ Range-bound
Currently, EUR/USD is trading close to 1.138, below its 3-month average of 1.155 and finding support around recent lows. Risk sentiment remains cautious, with safe-haven flows supporting USD. Near-term conditions suggest potential for further euro weakness if risk aversion persists and the pair continues to trade within its recent range.
💸 Transfer implications
- Expats: sending money to the US may find USD conversions less favourable than recent levels.
- Travellers: buying USD cash or loading currency cards might see slightly less favourable rates.
- Businesses: paying USD invoices with euros could face increased transfer costs if the pair weakens further.
🧭 Key drivers
- Rate gap: The Fed's hawkish tone has widened the yield gap, supporting USD strength.
- Risk/commodities: Increased geopolitical tension and energy prices above USD 100/bbl bolster safe-haven demand for USD.
- Global factors: Market risk aversion remains elevated amid geopolitical and economic uncertainties.
⚠️ What could change it
- Upside risk: A retreat in geopolitical tensions or a shift in risk appetite could support euro recovery.
- Downside risk: Further escalation of global risks or a hawkish surprise from the Fed could pressure the euro more.
Comparing FX providers may help offset less favourable exchange conditions by finding lower margins for transfers.