Global FX: Contemplating a rotation amongst funders; outlook for BRL

Our Global FX Strategists Pat Locke, Meera Chandan, Tania Escobedo & James Nelligan break down the biggest event of the week - Brazil’s first-round election - and the implications for BRL. They then discuss the outlook for EUR with European spreads at still-high levels, and what that means for a potential rotation amongst funding currencies in the G10 space. 

This podcast was recorded on 09 October 2026.

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https://www.jpmm.com/research/content/GPS-5481538-0 and

https://www.jpmm.com/research/content/GPS-5475182-0

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