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

Market Brief, North America

03 Dec 2024

Dollar Rally Eases on Waller Comments, Euro Remains Under Pressure

The dollar is trading with a softer bias this morning after Federal Reserve Governor Waller suggested that he would support cutting rates at the central bank’s next meeting, helping put pressure on the front end of the US yield curve. The Canadian dollar and Mexican peso are inching higher as traders double down on bets that Donald Trump’s recent tariff threats will come to naught, the Japanese yen is climbing on a narrowing in rate differentials, and the pound is trying to build the momentum to break back into the high 1.20’s against the greenback. “At present, I lean toward...

Read More Read More
02 Dec 2024

Dollar Rallies Back, Euro Tumbles

The ‘US exceptionalism’ theme is back to driving markets this morning, helping the dollar snap a three-day losing streak against most of its rivals. The euro is coming under pressure as the French government struggles to pass a budget, the Swiss franc is advancing amid stronger safe-haven flows, and major high-beta currencies – like the Canadian dollar – are all off around half a percentage point. The dollar’s outperformance this year can be seen clearly in the chart below, which shows trade-weighted values through November 27. After softening in the run-up to the Federal Reserve’s first rate cut, the currency...

Read More Read More
29 Nov 2024

Dollar Softens, Canadian Growth Remains Lacklustre

Amid turbulent month-end flows and a serious tryptophan hangover, the dollar is retreating and volatility expectations are falling as investors bet that Donald Trump’s trade bite won’t match his bark. The greenback looks headed toward its biggest weekly loss in three months after several relatively-moderate cabinet picks – most notably Scott Bessent as Treasury Secretary – helped assuage market fears of a more extremist policy mix in the president’s second term, lowering long-term yields and reducing the risk discount embedded in other major currencies. Equity futures are pointing toward further gains in today’s holiday-shortened session, the ten-year Treasury yield is...

Read More Read More
27 Nov 2024

Markets Consolidate Ahead of Inflation Print

Currency markets are back in consolidation mode as investors consider the implications of Donald Trump’s latest cabinet picks and position ahead of this morning’s inflation update. The dollar is inching lower amid month-end flows, Treasury yields are down, equity futures are slipping, and oil prices are weakening after Israel and Hezbollah reached a cease-fire agreement late yesterday, reducing the likelihood of a widening conflict that could pull in other regional powers. Unease over the extent to which protectionist policies might be deployed by the US remains elevated after the president-elect tapped Robert Lighthizer’s former chief of staff to lead trade...

Read More Read More
26 Nov 2024

‘Tariff Man’s’ Return Rocks Currency Markets

Donald Trump’s threat to raise consumption taxes on a range of goods imported from Canada, Mexico, and China is still sending shockwaves across currency markets. The dollar is up roughly a percentage point against its North American and European counterparts after the president last night said he would impose tariffs of 25 percent on all imports from Canada and Mexico, along with an additional 10 percent on Chinese goods, accusing the countries of allowing illegal migrants and drug traffickers into the US. In a break with long-standing Republican orthodoxy – most clearly under Ronald Reagan – this would raise trade...

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.