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. Long-term yields are slipping, oil prices are edging lower and the dollar is retreating after US president Donald Trump said the US would not attack Iran before next month’s midterm elections, easing market fears of another major disruption in global energy supplies. Ten-year Treasury yields are down to 5.24% after reaching 5.35% earlier in the week, front-month Brent futures are...
Good morning. The dollar is edging toward an 18-month high as the Federal Reserve maintains its tightening bias, while higher energy prices and rising yields weigh on other major currencies. The euro, British pound, Canadian dollar, and Mexican peso are all trading near the bottom of their recent ranges, reflecting a fairly consistent move in rate differentials relative to the dollar.
Yesterday’s...
Good morning. Oil prices are back above $100 a barrel, yields are climbing, and the dollar is once again in the ascendant as Iran steps up its attacks on shipping through the Strait of Hormuz and traders keep a wary eye on a storm forming in the Gulf of Mexico. Brent futures are trading near $102 a barrel after several strikes were reported overnight and forecasters warned that the first Atlantic hurricane...
Good morning. The dollar is retreating, but remains near its highest levels since April last year, even as energy prices ease modestly and Treasury yields inch lower. Data released yesterday showed the US services sector remaining in expansionary territory last month, with strong demand adding to the strain on supply chains and raising price pressures, suggesting that the Federal Reserve may need to...
Happy Monday. The dollar is trading near its strongest levels since last year’s ‘Liberation Day’ tariff debacle, and measures of implied volatility are climbing as long-term borrowing costs soar and fears of another sovereign-debt crisis stalk the euro area. Virtually every major currency is in an oversold technical position relative to the greenback, with most pairs trading almost 2% below their...
The US job creation engine decelerated sharply in September, adding to market bets on a short pause in the Federal Reserve’s tightening campaign in October. According to the Bureau of Labor Statistics, 29,000 jobs were added in the month—representing an undershoot relative to the 90,000-consensus forecast—while the previous two months were revised down by a total 60,000 positions, bringing the three-month...