Global FX Daily - Fragility of Middle East ceasefire laid bare -BBVA Market Strategy

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2026/05/05

Global FX Daily – Fragility of Middle East ceasefire laid bare

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- EURUSD loses the 1.17 level as safe-haven demand picks up
- RBA reaffirms its hawkish stance but the AUD falls as RBA has reached a “good place”
- LatAm FX softens on return from long weekend; COP underperforms after BanRep

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Global FX Daily – Fragility of Middle East ceasefire laid bare

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