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

31 Oct 2023

31 Oct 2023

US Fed on the radar

• Mixed markets. Equities higher & oil lower. Contrasting trends saw European & US yields diverge. USD firmer, with USD/JPY jumping up post the BoJ.• BoJ tweaks. The BoJ adjusted its yield curve control framework, but it wasn’t enough to appease FX markets. The USD move weighed on the AUD.• Fed in focus. Attention is on the US with data & Fed policy decision due. With no change in rates expected what Chair Powell says will be important. It was a rather placid end to another turbulent month for most asset classes. European and US equities edged higher with the...

Read More Read More
31 Oct 2023

Canadian economy flatlines, driving loonie lower

The Canadian economy shrank unexpectedly in the late summer, helping ratify market expectations for a prolonged pause – and an eventual climbdown in rates from the Bank of Canada. Numbers released by Statistics Canada this morning show real gross domestic product remaining essentially unchanged in August after flatlining in the prior month, missing expectations for a 0.1-percent expansion. The retail sector lost 0.7 percent and accommodation and food services dropped 1.8 percent as higher borrowing costs and weaker wage growth impacted household spending. Manufacturing industries contracted 0.6 percent, and agriculture slipped 3.2 percent on declining prices and slower activity. An...

Read More Read More
31 Oct 2023

Dollar eases amid heavy macro data flow

The US dollar and yields are edging lower after the US Treasury surprised investors by lowering its estimates for government borrowing in the fourth quarter, helping ease fears of a supply-led melt-up in rates. According to yesterday’s release, net issuance is expected to hit a record $776 billion over the final three months of the year, but this is down from the $852 billion projected in late July as higher-than-anticipated tax receipts help offset funding requirements. Tomorrow morning’s issuance plan – which will outline the cadence and scale of auctions – could have a more meaningful effect on the rates...

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.