Crédit Agricole has maintained a neutral outlook on the EUR/USD exchange rate for the remainder of 2025, citing that current euro-positive and dollar-negative factors are already reflected in the market. The bank notes that significant foreign investments in U.S. assets continue to bolster the dollar, limiting potential euro appreciation. Additionally, potential political risks in France could emerge by the end of 2025, further restraining euro gains. Looking forward to 2026, Crédit Agricole anticipates a more bearish outlook for the EUR/USD pair. The bank attributes this to ongoing political uncertainties within the eurozone and diminishing fiscal optimism, which could weigh on the euro's performance against the dollar.