Explore the world.

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

World
Global
Americas
United States
Canada
Mexico
Europe
Euro Area
United Kingdom
Asia Pacific
China
Japan
Australia

Stay ahead.

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

Analysis
Blog
Views
Calendar

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

17 Aug 2023

17 Aug 2023

Bond yields & China in focus

• Bond moves. Yields have continued to rise. The US 10-yr is at its highest since late-2007. This has exerted more pressure on equities. USD remains firm.• CNY focus. Trends in China & CNY remain in focus. Policymakers in China appear to be becoming uncomfortable with the CNY weakness.• AU jobs. Labour market data undershot expectations. Unemployment rose in July, extending the AUD weakness. But is the AUD starting to find a base? Developments in bond markets and China remain front of mind. Against a backdrop of light news and economic dataflow bond yields have risen further. Concerns that rates...

Read More Read More
17 Aug 2023

Dollar slips as global yields inch higher

The dollar is retreating from yesterday’s extreme levels as currency markets stage a modest and hesitant recovery against a materially-tighter financial backdrop. Benchmark Treasury yields holding near a 15-year peak on fears that the Federal Reserve will keep rates higher for longer, and rates in most major advanced economies are pushing upward in sympathy. North America A record of the Fed’s July policy meeting showed officials remaining relatively hawkish. Some policymakers turned more cautious, pointing out that risks had become “more two-sided,” making it “important that the committee’s decisions balance the risk of an inadvertent over-tightening of policy against the cost...

Read More Read More
17 Aug 2023

Australian labour market turning point?

After a few surprisingly solid months the latest Australian labour force lottery came in weaker than expected and this has added to the downward pressure on the AUD (now ~$0.6390). In terms of the numbers employment fell by 14,600 in July, with full-time jobs declining (-24,200) after a couple of robust results. This is only the 3rd fall in employment in the past 21-months and on net the Australian economy has still added ~387,000 jobs over the past year, but nevertheless when it comes to the AUD as is often the case “when it rains it pours”. With the participation...

Read More Read More

About

Contact

Data and information on this website is provided “as is” and for informational purposes only. Information on the website does not bind Corpay in any way; nor is it not intended as advice, a recommendation or an offer or solicitation for the purchase or sale of any financial products. Data and other information are not warranted as to completeness or accuracy and are subject to change without notice. All charts or graphs are from publicly available sources, or our proprietary data. Nothing in this material should be construed as investment, financial, tax, legal, accounting, regulatory or other advice or as creating a fiduciary relationship. Corpay disclaims any responsibility or liability to the fullest extent permitted by applicable law, for any loss or damage arising from any reliance on our use of the data in any way. You should contact your Corpay sales representative for clarification on the range of financial instruments available in your jurisdiction. Copyright Cambridge Mercantile Corp. 2022.