Global FX Daily - UST yields retracement back USD demand ahead of the weekend -BBVA Market Strategy

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2024/05/17

Global FX Daily – UST yields retracement back USD demand ahead of the weekend

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- EURUSD consolidates below 1.09 after a four-week rally
- BoJ maintains pace of bond purchases despite speculation, weakening the JPY
- The CLP breaks four-month highs, challenges technicals; we would prefer to take some protection
- The BRL recovers as noise fades

Global FX Daily – UST yields retracement back USD demand ahead of the weekend

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