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.
Good morning. The dollar is climbing, supported by high oil prices and Treasury yields near their highest levels since 2007. Crude benchmarks are giving back some of their gains as Saudi Arabia ramps up flows through its repaired East-West pipeline, but Brent is still trading around $105 a barrel as talks to end the war with Iran and reopen the Strait of Hormuz show no signs of progress. Benchmark...
The RBA has acted on its ‘hawkish’ comments and announced another 25bp interest rate hike at today’s meeting. After delivering a rapid-fire recalibration in rates earlier in the year and then being on hold since May, the nervousness of RBA officials about inflation, coupled with domestic data related to prices, and another wave of upward pressure from global forces meant today’s move was anticipated....
Happy Monday. Treasury yields are climbing and the dollar is holding near a two-month high after back-channel negotiations between the US and Iran collapsed once again, leaving markets grappling with renewed inflation risks and bracing for a heavy week of data releases.
Energy prices are edging higher, adding to inflation pressure and bolstering expectations for tighter monetary policy. Over the...
• Jittery markets. Oil prices rose again, as did bond yields. Risk sentiment remains fragile. USD firmer. AUD & NZD still under pressure.• Global pulse. RBA expected to hike rates on Tuesday. China PMIs, US PCE & US jobs report on the radar next week. More market volatility likely.
Global Trends
Familiar themes continue to be in the market driver’s seat with the mix of elevated oil prices,...
Good morning. The dollar is sitting near a two-month high after Treasury yields posted their biggest single-day jump since the market convulsions that followed last year’s ‘Liberation Day’ tariff announcements. With the exception of the Swiss franc, every major currency is down almost 1% against the greenback this week.
Investors were wrongfooted yesterday when S&P Global’s purchasing-managers’...
• Risk off. Inflation worries from rising oil prices & a potential US diesel export ban generated another jump in bond yields. USD firmer. AUD & NZD weaker.• Global forces. Australian jobs data due today. But global forces more in focus for the AUD. RBA likely to hike next week but growth slowdown is looming.
Global Trends
Global markets hit an air pocket overnight. A combination of factors...