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
Forecasts
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 Wire, North America

07 Apr 2026

Oil prices plunge as US finds off-ramp in Iran conflict

Oil prices are plunging and currency markets are reversing direction after US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks,” “subject to the Islamic Republic of Iran agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz”. “A whole civilization will die tonight, never to be brought back again. I don’t want that to happen, but it probably will,” Trump wrote earlier today, before Pakistan’s prime minister suggested that the two sides agree to a two-week ceasefire*, with Iran permitting traffic to flow through the Strait...

Read More Read More
18 Mar 2026

Fed holds rates, downplays oil price-driven shift in risk calculus

The Federal Reserve left interest rates unchanged this afternoon and did little to acknowledge an Iran war-driven shift in the balance of risks facing the US economy in the accompanying statement, suggesting that officials could resist adopting a more hawkish posture in the near term. In the widely-expected decision, the Federal Open Market Committee voted by an 11-to-1 margin to maintain the target range for the federal funds rate between 3.50 and 3.75 percent. Trump appointee Stephen Miran dissented in favour of cutting rates, while Christopher Waller—who had previously lobbied for more easing while correctly anticipating a downturn in labour...

Read More Read More
18 Mar 2026

Bank of Canada holds, signals willingness to look through energy price shock

As markets had overwhelmingly anticipated, the Bank of Canada left its policy settings on hold this morning, and expressed concern over persistent weakness in the Canadian economy, suggesting that policymakers are more concerned about downside risks to growth than upside risks to inflation as the world economy faces yet another supply shock. Officials led by Governor Tiff Macklem maintained the policy rate at 2.25 percent for a third consecutive meeting after delivering nine cuts between June 2024 and September 2025. In the official statement setting out the decision, policymakers warned “With recent data pointing to weaker economic activity and uncertainty...

Read More Read More
09 Mar 2026

Markets poised to unwind war premium as Trump signals Iran endgame

Crude oil benchmarks are under intense selling pressure and currency markets are reversing direction after US president Donald Trump told CBS News “I think the war is very complete, pretty much”. Trump said Iran had made a “big mistake” in choosing Ayatollah Ali Khamenei’s son Mojtaba to be the country’s next supreme leader, warning “I don’t know if it’s going to last. I think they made a mistake,” but stopped short of repeating the sort of regime change demands made earlier in the US-Israeli campaign against Iran. “They have no navy, no communications, they’ve got no air force. Their missiles...

Read More Read More
01 Mar 2026

Currency markets brace for modest moves as Iran strikes fail to shift strategic calculus

Currency markets are set for a jolt when trading resumes this afternoon, though the reaction may prove less dramatic than the weekend’s headlines might suggest. US and Israeli strikes on Iran have sent missiles arcing across the Middle East and claimed the life of Supreme Leader Ali Khamenei, prompting celebrations in Iranian cities. Yet for all the pyrotechnics, the military campaign appears calibrated to avoid the kind of escalation that would force a wholesale repricing of risk assets. American and Israeli forces are conducting what military planners often describe as “lawn mowing” operations—hits on missile infrastructure and targeted assassinations of...

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.