Nomura Says Back-to-Back ECB Hikes Could Boost Euro in Q4
Affected assets and topics
Why it matters
Nomura International's FX strategist Dominic Bunning states that consecutive ECB rate hikes could strengthen the euro, potentially reaching a year-end target of $1.20. The forecast is based on an interview with Bloomberg Television.
- Nomura's forecast of ECB back-to-back rate hikes
- Potential euro appreciation to $1.20 by year-end
- Interview with Bloomberg Television as the source
Article tone
Expected market reaction
The euro (EUR) may appreciate against the dollar if the ECB implements back-to-back rate hikes, as suggested by Nomura. This could benefit EUR-denominated assets or exporters reliant on a stronger euro, while potentially pressuring EUR-denominated importers.
Risks
- The ECB has not yet confirmed back-to-back hikes; the forecast is conditional
- Market reaction depends on broader economic conditions and ECB communication
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- mistral-small-latest
- Analysis version
- mistral-small-latest
- Article id
- 125925
Original source
The possibility of back-to-back interest rate hikes by the European Central Bank could lift the euro, helping it hit Nomura International’s year-end target of $1.20, Dominic Bunning, head of G10 FX strategy, says during an interview on Bloomberg Television. (Source: Bloomberg)
Read the full article on Bloomberg
Original article published by Bloomberg on September 2, 2026. Analysis and insights provided by AnalystMarkets AI.
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