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

Exhibit 1

Speculators are doubling down on long-euro bets.

Net Long (+) or Short (-) US Dollar Futures Position Held by Large Speculators, Billions US Dollars, As at May 2, 2023

Exhibit 2

Economic surprise indices are diverging again.

Citigroup Economic Surprise Indices, %

Exhibit 3

Regional banks are still under pressure.

KBW Bank Index

Exhibit 4

Credit creation is slowing.

Net Percentage of Domestic Banks Tightening Standards for Commercial and Industrial Loans to Small, and Large and Middle-Market Firms

Exhibit 5

But loan volumes haven't crashed.

3-Month Net Change in Loans, All Commercial Banks, Billions USD

Exhibit 6

And underlying fundamentals remain surprisingly strong.

Index: January 2019 = 100

Currency Markets Brace for Event Risk-Laden Week
Inflation & politics this weeks focus
Dollar Steadies Ahead of Equity Market 'Triple Witching'
AUD cross-currents
Central Bank Easing Hints Boost Risk Appetite
AUD outperformance continues