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

10 Dec 2025

10 Dec 2025

Hold the line

• US Fed. Another US rate cut announced. But guidance wasn’t as ‘hawkish’ as feared. Positive for sentiment. USD weaker. AUD close to year-to-date peak.• AU jobs. Australian employment data due today. Monthly figures are volatile. Another solid report would reinforce views RBA may hike rates in early-2026. Global Trends The US Fed meeting was the market focal point overnight. As expected, the US Fed delivered another 25bp rate cut, lowering the policy target range to 3.50-3.75%. This was ~90% factored in ahead of the event. Notably, the Fed’s updated guidance and economic projections were little different from last time...

Read More Read More
10 Dec 2025

Federal Reserve cuts rates, telegraphs January pause

The Federal Reserve cut rates for a third consecutive time this afternoon, and opened the door to a January pause amid growing uncertainty on the economy’s underlying trajectory. In the widely-expected decision, the Federal Open Market Committee voted by a surprisingly balanced 9-to-3 margin to lower the target range for the federal funds rate to between 3.50 and 3.75 percent. Trump appointee Stephen Miran against dissented from the majority in favour of a bigger move, while Austan Goolsbee and Jeffery Schmid supported staying on hold. Markets had feared a more profound divergence would be on display, given that the October...

Read More Read More
10 Dec 2025

Bank of Canada holds, maintains neutral outlook

As had been almost universally expected, the Bank of Canada left its policy settings on hold this morning, and again clearly signalled that policy rates are sitting at near-neutral levels, minimising the likelihood of another move in the coming months. Policymakers led by Governor Tiff Macklem maintained the policy rate at 2.25 percent after cutting at both the September and October meetings, and in the official statement setting out the decision, again noted that the current policy rate is “at about the right level” to keep inflation under control and sustain growth. Officials acknowledged signs of resilience in the Canadian...

Read More Read More
10 Dec 2025

Currencies flatline into central bank decisions

Happy Fed Day to those who celebrate. Global risk assets are drifting lower, yields are a touch firmer, and the dollar is trading in the middle of its recent trading range as investors await what is widely expected to be a third consecutive “hawkish cut” from the Federal Reserve this afternoon. Data published yesterday showed US labour markets cooling, but not at an alarming rate. On the positive side of the ledger, the number of job openings surged to 7.67 million in October from 7.23 million in August, but this may have been driven by pre-holiday staffing increases. The hires...

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.