Search
Close this search box.

Explore the world.

Assess underlying fundamentals and market conditions in the world's major economies.

Americas

Stay ahead.

Follow the biggest stories in markets and economics in real time.

Connect with us.

Learn more about Corpay Cross-Border and the currency research team.

Subscribe

Get insight into the latest trends and developments in global currency markets with breaking news updates and research reports delivered right to your inbox.

After signing up, you will receive regular newsletters from Corpay, and may unsubscribe at any time. View Corpay’s Privacy Policy

11 Jul 2023

US CPI in focus

• Softer USD. Strong UK wages has bolstered BoE rate hike expectations, supporting GBP. The JPY has also continued to recover lost ground.• US inflation. Large base-effects & some other drivers point to a sizeable step down in US CPI. If realised, this could exert more pressure on the USD.• AUD events. Ahead of the US CPI, RBA Governor Lowe speaks & the RBNZ policy decision is announced. No change by the RBNZ is expected. Mixed fortunes across markets, with focus still very much on tonight’s US CPI report (10:30pm AEST). Offshore equity indices edged higher (US S&P500 and EuroStoxx50...

Read More Read More

It’s quiet. Too quiet.

Currency markets are broadly lacking in conviction this morning, with the British pound the only significant mover among the majors, and the dollar inching lower against its rivals in generally-directionless trading.  Equity markets and commodity prices are unimpressed after the People’s Bank of China and the National Financial Regulatory Administration told lenders to roll over outstanding loans to property developers – a step that might prevent a string of defaults, but which won’t do much to improve household confidence. After what might have been the biggest property bubble in history, many cities are overbuilt, local governments and millions of households are carrying...

Read More Read More