Core Viewpoint - Standard Chartered Bank's report indicates that the euro may weaken in the coming months if market expectations for further interest rate cuts by the European Central Bank (ECB) rise [1] Monetary Policy - The ECB has shifted to a dovish stance, with market pricing suggesting the possibility of a rate cut as early as December, particularly as inflation remains below the 2% target [1] - If price pressures continue to remain subdued, additional rate cuts may occur in 2026 [1] Economic Challenges - The euro faces multiple headwinds, including US tariff threats impacting eurozone exports and growth, as well as internal challenges such as political uncertainty in France and delays in German fiscal disbursements due to bureaucratic processes [1] Currency Forecast - Standard Chartered forecasts that by the second quarter of 2026, the EUR/USD exchange rate will decline from the current level of approximately 1.17 to 1.13, driven by ongoing growth concerns and policy divergence [1]
渣打：欧美汇率或在2026年中跌至1.13