Global FX Daily - USD gains as blockade fears lift oil and risk sentiment shifts -BBVA Market Strategy

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2026/04/13

Global FX Daily – USD gains as blockade fears lift oil and risk sentiment shifts

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- EURUSD above 1.17 on Friday helped by Ukraine hopes
- Sterling rebounds and marginally outperforms the EUR ahead of a BoE-packed week
- Yen rebounds from record lows vs. the EUR but falls vs. the USD
- EM/LatAm face pressure after no MidEast deal, but markets still want to believe
- Peru Congress election results buffer a still uncertain presidential runoff
- Argentina tweaks FX rules

Global FX Daily – USD gains as blockade fears lift oil and risk sentiment shifts

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