Corpay Currency Research
Corpay Currency Research delivers daily market updates, macroeconomic analysis, and longer-term forecasts to help you make fast, confident, and informed decisions on foreign exchange risk — wherever your organisation is exposed.
• Market wobbles. Fading optimism about the latest US/Iran deal pushed up oil prices. US bond yields higher. USD firmer. AUD & NZD slipped back.• Data pulse. US jobs report in focus tonight. Data could generate a binary market reaction. RBA next week. No policy change anticipated.
Global Trends
A few renewed, albeit modest, wobbles across markets with Middle East related news a factor. Optimism...
Good morning. Markets are shifting onto a broadly positive footing after Iran said that it had reached a deal with Oman to permit shipping through the Strait of Hormuz. Under the temporary arrangement reported yesterday, tankers would pass without charge for sixty days—though Iran is said to want an eventual toll of 5-7% of cargo value, against the 3% Oman favours. The Trump administration appears...
Good morning. Market sentiment has turned markedly more optimistic on reports suggesting that Iran and Oman are nearing a deal to reopen the Strait of Hormuz. Under the arrangement being discussed, ships bound for the Persian Gulf would enter through Iranian territorial waters, while those leaving would exit through Omani ones. No “service fees”* would be levied during an initial 60-day provisional...
• Upbeat vibes. Positive US/Iran rhetoric. Oil prices lower, US equities higher. USD on backfoot. Cyclical currencies like AUD & NZD outperform.• Data pulse. US ADP employment & services ISM due tonight. US jobs report out later this week. Potential for renewed bursts of market volatility.
Global Trends
The more upbeat risk sentiment that came through at the end of July have continued over...
Good morning. Oil benchmarks are recouping some of yesterday’s losses and the dollar is advancing narrowly, with long-end Treasury yields creeping up and equity futures pointing to modest gains at the open. The euro, pound and Canadian dollar are also edging higher in rangebound trading.
The geopolitical picture remains unclear. President Trump yesterday claimed talks with Tehran were under...
Happy Friday. Global equity indices are rebounding this morning after Citadel, Ken Griffin’s investment firm, stepped in to acquire the portfolio of technology-focused fund Situational Awareness, which had come under extreme stress as declining valuations forced it to meet margin calls from its lenders. The rescue of 25-year-old* Leopold Aschenbrenner’s firm reduces the risk of a disorderly liquidation...