Core Viewpoint - France predicts a return of the US dollar by 2026, with expected fluctuations in multi-currency exchange rates due to the unchanged medium-term growth outlook for the US economy [1] Group 1: Economic Forecasts - The report indicates that the US growth is expected to slow down in Q4 2025, which may put pressure on the dollar in the coming weeks and early 2026 [1] - The euro to dollar exchange rate is forecasted to reach 1.20 in Q1 2026, before declining to 1.14 by the end of the year [1] Group 2: Currency Performance - The Canadian dollar is anticipated to be the worst-performing currency among G10 currencies next year, influenced by US tariff policies [1] - Emerging market currencies are expected to experience deteriorating spot exchange rate performance throughout 2026 amid a strengthening dollar [1]

Core Viewpoint - The US dollar has experienced its largest weekly increase in a month, leading to a decline in gold's appeal as an investment option [1] Group 1 - The dollar's recent performance indicates a strong recovery, which may impact various asset classes, particularly precious metals [1] - Analysts are observing the correlation between the dollar's strength and gold prices, suggesting that a stronger dollar typically results in lower gold prices [1] - The market is reacting to economic indicators that support the dollar's rise, which could lead to shifts in investment strategies [1]