2026/01/28

Global FX Daily – USD fragility and de-dollarization fears lift EURUSD to 1.20

- EURUSD consolidates near multi-year highs
- JPY stabilises in the 152-153 range on official comments on major currencies
- CHF rally is unmatched with strong support from its safe-haven status
- BoC to hold rates steady today while CPI beat loads odds of an RBA hike next week
- LatAm FX continues pushing to new highs as the USD slides
- BCCh holds policy rate at 4.50% as expected
- BCB expected to hold rates on Wednesday and shift guidance to signal pending

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