Keeping you up to date

International Trade

At BBVA, we want to help you make your company’s international decisions as well.

That’s why, from the SME Foreign Trade area, we are launching this monthly newsletter, where you will find a selection of key content to help you better understand the international context and make decisions with greater confidence.

Because in foreign trade, being well informed makes all the difference.

  • April 2026

    The energy shock resulting from the closure of the Strait of Hormuz has boosted the dollar as a safe-haven asset, reaching highs of 100 points in its global index. While the U.S. States benefits from its export profile, the euro has fallen to levels of 1.1470 due to the region’s energy dependence. This geopolitical crisis has triggered a sharp correction in the EUR/USD pair, pushing traditional macroeconomic data into the background. The rise in gas and crude import costs is now the main drag on European foreign trade.

  • April 2026

    The de-escalation between the US States and Iran on April 8 has cooled energy prices, fulfilling the recovery scenario for the euro. After touching lows of 1.14, the EUR/USD pair has rebounded to 1.18, validating the strategic buying opportunity amid the easing of tension in Hormuz. Although a prolonged war threatened to sink the currency to levels of 1.11, current optimism is giving a boost to European foreign trade. Geopolitics remains the key factor for market forecasts.

  • March 2026

    Foreign trade faces a critical March, with oil at $116, traffic through the Suez Canal down 45%, and new tariff threats from the U.S. States

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