A broad tour of global FX markets spanning Asia, G10, and LatAm, covering key currency trades, positioning, and central bank divergence. The discussion highlights major risks into year-end, including an AI-trade pullback, China trade tensions, US Treasury moves, and political uncertainty in Brazil.

Participants:

• Elsa Lignos (Desk Strategy), Global Head of FX Strategy & Head of EMEA Institutional FX Sales
• Abbas Keshvani (Desk Strategy), Asia Macro Strategist
• Luis Estrada (Desk Strategy), LATAM FX Strategist

* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts