USD to EUR Forecasts

Euro to US dollar Forecasts

EUR/USD – has confined itself to a range in the past month roughly between 1.2080 and 1.2220 before the Fed’s policy announcement.

As for the US Dollar, a recent rise in US inflation is seen as transitory by the Federal Reserve officials. The Euro ended the week lower (1.2110) against an overall stronger US Dollar.

In May OFX see the euro could trading within a range of 1.17–1.22 USD against the US dollar, and against the pound between 0.8510–0.8735 GBP. Any positive news around the recent acceleration of vaccine roll-outs, lockdowns easing, or progress on the EU Recovery Fund could drive gains for the euro in the coming months.

Goldman Sachs see the EUR/USD rate hitting 1.25 (USD/EUR below 0.80) in the next 3 months, up from their previous prediction of 1.21 dollars to the euro.

ING see the ECB decision to lean against the rising bond yields as a positive for EUR/USD. They expect EUR/USD to move above 1.2500 this summer.

Swiss bank UBS see the EUR/USD rate to rise near 1.27 (USD/EUR below 0.78) by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.

Other optimistic forecasters, believe the ECB’s support of the eurozone economy is working, they suggest a strong upside for the euro against the U.S. dollar this year and that EUR/USD will test new highs in 2021.

USD to EUR Exchange Rates – Compare and Save

What is a good USD to EUR exchange rate?

Whether the euro will rise or drop in the future against the US dollar is a difficult question and the answer really depends on many factors. The best way to consider the current USD-EUR relative value is to check the change in the exchange over a range of periods to the present day. The below table does this for periods going back 10 years.