Close this search box.

Explore the world.

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


Stay ahead.

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


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 Mar 2024

Dollar Slumps On Diminishing Tail Risks 

In yesterday’s Congressional testimony, Federal Reserve chair Jerome Powell warned markets not to expect rates to begin coming down in the near term, but acknowledged the need to “begin dialling back policy restraint at some point this year,” and said that central bankers remain “squarely focused” on their dual mandate. Market participants – who had been alert to the possibility of a pushback against easing financial conditions – breathed a sigh of relief, sending yields and the dollar lower for a fifth consecutive session. Broadly speaking, softer data releases and consistent messaging from Fed officials over the last week have...

Read More Read More