Global FX Daily - Central banks strike a cautious tone amid geopolitical fog -BBVA Market Strategy

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2026/03/20

Global FX Daily – Central banks strike a cautious tone amid geopolitical fog

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- A cautious and well-equipped ECB backs the EUR
- BoE’s firm tone triggers an aggressive reaction in UK rates
- Prudent SNB and Riksbank stick to the script
- LatAm FX remains tied to broader risk sentiment and Iran outlook

Global FX Daily – Central banks strike a cautious tone amid geopolitical fog

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