Global FX Daily - Rising tensions and fears on the thirteenth day of the war -BBVA Market Strategy

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2026/03/13

Global FX Daily – Rising tensions and fears on the thirteenth day of the war

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- EURUSD drops below 1.15 despite ECB rate hike bets
- EURGBP bearish move loses momentum and UK data disappoints
- Yen at 20-month low but still outperforms as JGB yields rise
- The yuan weakens on dollar strength and new US trade probes

Global FX Daily – Rising tensions and fears on the thirteenth day of the war

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