2025/03/21

Global FX Daily – Risk aversion rules as central banks convey their concerns about trade and geopolitic

- Sterling ignores the non-event BoE meeting ahead of the Spring Statement
- The SNB delivers what could be the last rate cut, dragging the CHF
- LatAm FX technical and post-Fed USD push against new highs, but resilience remains
- The BCCh is expected to remain on hold; the COP passes technical tests, preserves ranges
- FinMin Haddad notes confidence in the BCB, says recession is not needed to lower inflation
- The TRY tries to stabilise after major political noise, backed by CBRT hike

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