Global FX Daily - Geopolitical shock drives risk aversion and USD strength -BBVA Market Strategy

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2026/03/02

Global FX Daily – Geopolitical shock drives risk aversion and USD strength

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- Eurozone macro data overlooked as global risks rise
- GBP hit by risk-off mood and mounting domestic political noise
- LatAm FX under some pressure on Middle East War, with oil squeezing the CLP, PEN

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Global FX Daily – Geopolitical shock drives risk aversion and USD strength

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