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.

This communication is provided for information purposes only. Institutional clients can view the related reports at

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

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

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