# Euro To US Dollar Forecast: UBS Retains 1.16 Target For End-2026

> UBS kept its end-2026 EUR/USD forecast of 1.16 after ECB President Christine Lagarde announced her departure, saying the euro's decline has exceeded what fundamentals imply. The euro rose about 0.4% to around $1.12 as lower oil prices helped, while French fiscal concerns, including a Fitch warning, limit gains.

- Date: 2026-11-02 · published 2026-11-03T00:08:53.530Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/76407-euro-to-us-dollar-forecast-ubs-retains-1-16-target-for-end-2026
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

This is an analyst forecast on currency valuation with no direct change in supply or demand for feed ingredients; the link to grain and meal prices is indirect and runs through oil and dollar moves.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2017-12-01 | [FOREX-Dollar gains vs yen on US tax reform hopes but sags against euro, pound](https://feedsoft.ai/events/67699-forex-dollar-gains-vs-yen-on-us-tax-reform-hopes-but-sags-against-euro-pound.md) | -0.9% | +1.0% |
| EURUSD | 2023-12-14 | [US Dollar Forecast: EUR/USD Rally Persists Following Fed and ECB](https://feedsoft.ai/events/8303-us-dollar-forecast-eur-usd-rally-persists-following-fed-and-ecb.md) | +1.5% | +1.5% |
| EURUSD | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | +3.2% | +2.9% |
| EURUSD | 2021-07-30 | [EUR/USD Forecast: Euro US Dollar Exchange Rate Climbs To Three-Week High On Disappointing US GDP](https://feedsoft.ai/events/46297-eur-usd-forecast-euro-us-dollar-exchange-rate-climbs-to-three-week-high-on.md) | -0.4% | -1.1% |
| EURUSD | 2023-01-16 | [Morgan Stanley cuts year-end dollar forecast \| Reuters](https://feedsoft.ai/events/37974-morgan-stanley-cuts-year-end-dollar-forecast-reuters.md) | +0.5% | -0.9% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/47655/2026-11-02-euro-to-us-dollar-forecast-ubs-retains-1-16-target-for-end-2026.html

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