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.
If there has been one consistent message in our analysis over the past few years, it is that global portfolios have crowded—to an unhealthy degree—into a single bet: the US technology sector, and by extension the US dollar. Yesterday offered a small but telling illustration showing why that should trouble investors. Shares linked to artificial intelligence sold off. The yen and the Swiss franc rallied....
Shares are sliding and the dollar is tumbling against its main counterparts as an unwinding of crowded AI-related trades sends investors fleeing to safe havens. US equity markets are setting up for further losses at the open after technology shares suffered their worst sell-off in months yesterday, Treasury yields are falling, while the yen and Swiss franc outperforming the euro, pound, and Canadian...
Underlying consumer prices rose more quickly than expected in the United States last month, strengthening the case for more rate hikes from the Federal Reserve, and lifting the dollar. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index—with highly-volatile food and energy prices excluded—rose 0.3% in September from the prior month, maintaining...
Good morning. The dollar is holding firm as oil prices climb and traders batten the hatches ahead of this morning’s US inflation update. Brent, the global benchmark, is trading above $105 a barrel after Iran struck two vessels in the Strait of Hormuz and Yemen’s Houthis targeted several facilities including Saudi Aramco’s headquarters, reinforcing fears of prolonged supply disruptions. Ten-year Treasury...
• Quiet markets. Limited market moves overnight. US equities tread water, oil a bit higher, bond yields consolidate, & USD softer. AUD & NZD tick up.• Macro news. Latest US CPI data out tonight. Will it boost or lessen the odds of a late-October US Fed rate hike? Australian jobs report out tomorrow.
Global Trends
Market movements have been well contained over the past few days with the...
Good morning. The dollar is edging lower and government bond yields are slipping from multi-decade highs as sentiment deteriorates amid a sell-off in artificial intelligence stocks. Global semiconductor shares are tumbling after Chinese chipmaker CXMT announced a major breakthrough that could help it narrow the technology gap with rivals in Taiwan and South Korea, and the broader complex is suffering...