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ForexMediumUpdated×3•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

Mixed EUR/USD Outlook as Safe-Haven Demand Clashes with Geopolitical Hopes

Two central bankers, Christine Lagarde and Thomas Jordan, with EU and Swiss flags, Euro and Swiss Franc symbols, and coins.

Key Facts

1Societe Generale views EUR/USD as a buy in the coming months as risk appetite improves.

about 2 months ago

Version History

Version 3about 2 months ago

What changed: Added Goldman Sachs' bearish GBP/USD recommendation and Danske Bank's bullish EUR/USD revision, driven by easing US-Iran geopolitical tensions.

Version 2about 2 months ago

What changed: The story was updated to include Rabobank's analysis regarding the Canadian Dollar's outperformance against the US Dollar driven by bond yields.

Version 1about 2 months ago

What changed: Added new long-term bullish forecasts for EUR/USD from Deutsche Bank and GBP/USD from RBC through 2026, noting the US Dollar's failure to hold gains despite rising energy prices.

Financial markets are witnessing significant revisions in currency forecasts as Danske Bank projects EUR/USD to rise to 1.22 over the next 12 months, citing weakened safe-haven demand for the US Dollar amid hopes for a resolution in the US-Iran conflict. Conversely, Goldman Sachs has issued a bearish recommendation to sell GBP/USD with a three-month target of 1.33. These updates complement existing long-term bullish views from Deutsche Bank and Bank of America, which both target levels above 1.20. Meanwhile, Rabobank remains cautious with a 1.14 forecast, even as RBC maintains a long-term target of 1.40 for the Pound by 2026. This complex environment highlights a shift in sentiment driven by easing geopolitical tensions and evolving central bank policies.