Global FX Daily - USD outperforms as uncertainty dominates but ranges persist -BBVA Market Strategy

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2021/09/13

Global FX Daily – USD outperforms as uncertainty dominates but ranges persist

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- EURUSD breaks below 1.18 ahead of a quiet session
- EURGBP consolidates below 0.8550, and UK macro data likely to dictate its short-term fate
- In transition week, LatAm FX has a chance to shine
- Less noise in Brazil could lower BRL volatility near term
- Argentina’s opposition’s rise in primaries presses government but may do little for the ARS

Global FX Daily – USD outperforms as uncertainty dominates but ranges persist

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