Global FX Strategy_FX Compass_ Back to the future

ab 12 March 2025 Global Research We introduce a EURUSD upside option trade with an RKI to capture this view. We also close out our bearish EURJPY digital option. Instead, we enter a basket of long EUR and JPY vs short CHF and GBP to capture likely key beneficiaries of global rebalancing compared to some relative laggards. This week we also nudge our commodity currency forecasts higher on account of USD weakness but acknowledge that the near-term risk environment will remain challenging. Expectations of more ...