Published: Wednesday, February 4, 2026 · 10:21 PM | Updated: Wednesday, February 4, 2026 · 10:21 PM
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🗝️ Key Points
- 1354 GMT – The euro could turn lower against the dollar in the second half of 2026 as its recent appreciation has outpaced rate differentials, Societe Generale’s Kit Juckes.
- The euro has consistently risen faster than two-year rate differentials suggest it should over the past year or so and this move has extended at the start of 2026, he says.
- Rate differentials are consistent with the euro falling to $1.14 by year-end, from $1.1820 currently, he says.
1354 GMT – The euro could turn lower against the dollar in the second half of 2026 as its recent appreciation has outpaced rate differentials, Societe Generale’s Kit Juckes says in a note. The euro has consistently risen faster than two-year rate differentials suggest it should over the past year or so and this move has extended at the start of 2026, he says. Rate differentials are consistent with the euro falling to $1.14 by year-end, from $1.1820 currently, he says.
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