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

07 Dec 2023

07 Dec 2023

BoJ finally set to join the party?

• JPY surge. Comments by BoJ officials has bolstered expectations a change could be coming. The jump in the JPY has cascaded across FX markets.• USD weaker. The 2.6% drop in USD/JPY (the 2nd most traded currency pair) has given other currencies a boost. AUD is back over ~$0.66.• US jobs. US labour market report released tonight. The end of the auto strike can give employment a temporary boost. But broader conditions should loosen. The tone across markets was a bit more positive overnight. US equities rebounded (S&P500 +0.8), with the tech-focused NASDAQ outperforming (+1.3%). Optimism about Artificial Intelligence re-emerged...

Read More Read More
07 Dec 2023

Yen soars on rate hike prospects  

Japan’s yen is on a tear as markets go all-in on bets the central bank is poised to lift rates out of negative territory. The currency leapt more than 1.8 percent last night when Bank of Japan Governor Ueda told Parliament monetary policy decisions could “become even more challenging from year end and heading into next year,” adding fuel to speculation that began a day earlier when Deputy Governor Himini argued that positive interest rates could prove economically-beneficial. We consider Himini’s comments extremely meaningful—they mark a significant change in Bank orthodoxy and should be read as preparing the ground for...

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.