# Euro’s Run Looks Over as Wall Street Targets Slide Toward $1.10 - Bloomberg

> Wall Street banks including JPMorgan, Morgan Stanley and BNY Mellon are forecasting the euro could fall more than 3% to $1.10 within a year. The euro has slumped to a one-year low this month as markets price a Federal Reserve hike in 2026 and no longer fully price one from the ECB.

- Date: 2026-06-28 · published 2026-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19027-euro-s-run-looks-over-as-wall-street-targets-slide-toward-1-10-bloomberg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar on widening US-euro rate expectations tends to weigh on dollar-denominated grain, oilseed and feed prices while making US exports less competitive. Feed buyers in euro-linked markets may see import costs shift.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-11-12 | [USD: Dollar’s Trump-Fueled Rally Unites Wall Street on Bullish Bets - Bloomberg](https://feedsoft.ai/events/7558-usd-dollar-s-trump-fueled-rally-unites-wall-street-on-bullish-bets-bloomberg.md) | -1.2% | -1.8% |
| EURUSD | 2021-01-28 | [ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg](https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg.md) | -0.6% | +1.1% |
| EURUSD | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | -0.6% | +0.5% |
| EURUSD | 2022-06-09 | [Euro Traders Signal Skepticism Over ECB’s Rate-Hike Plans - Bloomberg](https://feedsoft.ai/events/9633-euro-traders-signal-skepticism-over-ecb-s-rate-hike-plans-bloomberg.md) | -3.3% | -5.2% |
| EURUSD | 2016-12-11 | [ECB Delivering a Dovish Taper Reinforces Bets on Euro Parity - Bloomberg](https://feedsoft.ai/events/5971-ecb-delivering-a-dovish-taper-reinforces-bets-on-euro-parity-bloomberg.md) | -0.8% | +0.3% |
| DXY | 2024-11-12 | [USD: Dollar’s Trump-Fueled Rally Unites Wall Street on Bullish Bets - Bloomberg](https://feedsoft.ai/events/7558-usd-dollar-s-trump-fueled-rally-unites-wall-street-on-bullish-bets-bloomberg.md) | +0.8% | +1.1% |
| DXY | 2021-01-28 | [ECB in ‘Currency War’ Over Euro, Commerzbank Strategist Says - Bloomberg](https://feedsoft.ai/events/49375-ecb-in-currency-war-over-euro-commerzbank-strategist-says-bloomberg.md) | +0.2% | -0.1% |
| DXY | 2024-04-12 | [Euro (EUR USD) Falls to Five-Month Low as ECB-Fed Divergence Looms Large - Bloomberg](https://feedsoft.ai/events/9969-euro-eur-usd-falls-to-five-month-low-as-ecb-fed-divergence-looms-large-bloomberg.md) | +1.1% | +0.5% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-06-28/euro-s-run-looks-over-as-wall-street-targets-slide-toward-1-10

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.