Recurring series
Deutsche BankFX Blog
Finvaulta tracks 5 editions of FX Blog from Deutsche Bank, published between July 10, 2026 and September 30, 2026. Each edition is summarized on its own page.
Latest edition · September 30, 2026
To break or not to break
Deutsche Bank FX Research pushes back against consensus expectations for a USD breakout, arguing EUR/USD will hold the bottom of its 1.13-1.20 range. The bank maintains a year-end EUR/USD forecast of 1.17 driven by resilient global growth, peaked Fed pricing, and normalizing energy risk premiums.
With EUR/USD testing the bottom of its annual 1.13-1.20 range, Deutsche Bank argues against chasing the currency pair lower, maintaining a year-end target of 1.17. The report identifies three main pillars supporting the euro: resilient global economic activity driven by AI and strategic capex that undermines US exceptionalism; exhausted USD yield support as terminal Fed expectations peak; and normalizing Middle East energy flows alongside de-escalation incentives ahead of the US midterms pointing to oil near $90/barrel.
Read the latest edition in fullKey takeaways from the latest edition
- 1.Deutsche Bank advises against chasing EUR/USD lower at the bottom of its 1.13-1.20 range, forecasting 1.17 by year-end.
- 2.Global growth remains resilient across the UK, Australia, China, and Europe, challenging the narrative of US economic exceptionalism.
- 3.Peak USD yield support has likely been reached as terminal Fed pricing appears full and further yield increases would likely stem from term premium rather than USD-supportive policy rate hikes.
Edition archive
Series at a glance
- Editions tracked
- 5
- First edition
- July 10, 2026
- Latest edition
- September 30, 2026