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

AUD

18 Feb 2025

RBA rate relief

• RBA relief. As anticipated RBA cut rates yesterday. But was ‘hawkish’ in terms of future moves. Data will drive the RBA’s decisions. AUD near 2-month highs.• RBNZ today. RBNZ expected to cut rates by 50bps for the 3rd straight meeting today. But will it signal a more measured approach from here?• Global trends. Bond yields rose & USD ticked up overnight. UK wages & Canadian CPI surprised to the upside. Global inflation risks remain. Global Trends Market moves have been modest overnight despite a few geopolitical and macro developments hitting the wires. In terms of geopolitics officials from the...

Read More Read More
18 Feb 2025

RBA: Gradual ‘relief’ cycle kicks off

After delivering a string of rate hikes over 2022/23 and holding steady since November 2023 as it battled against inflation the RBA announced a bit of interest rate ‘relief’ at today’s meeting. The RBA cut the official cash rate by 25bps, lowering it to 4.1%. This was largely expected with it being ~90% priced in before the meeting, and with 30 of 34 economists surveyed forecasting it. The move will provide some income support for indebted mortgage holders and interest rate sensitive businesses. But it isn’t a large jolt. On our figuring, a 0.25% reduction lowers the monthly repayment on...

Read More Read More
17 Feb 2025

Will the RBA ease the monetary squeeze?

• European moves. Prospect of more EU defence spending boosted regional equities & bond yields. GBP & JPY firmer. AUD & NZD drift a bit higher.• RBA today. Will the RBA ease some of the monetary squeeze? Markets think so. A 25bp interest rate cut is assigned a ~90% chance.• AUD trends. AUD at levels last traded in mid-Dec. Outcomes compared to expectations drive markets. Is the RBA easing cycle already baked in? Global Trends Given the US President’s Day holiday there wasn’t a lot of volatility overnight. The economic newsflow was light, though European markets did react to US...

Read More Read More
16 Feb 2025

USD on the backfoot

• US macro. Weak US retail sales weighed on bond yields & the USD on Friday. AUD & NZD extend respective rebounds. US holiday today.• Central banks. Markets expecting another 50bp RBNZ rate cut with a 25bp move by the RBA anticipated. Have easing cycles already been priced in?• Event Radar. In addition to the RBA (Tues) & RBNZ (Weds), AU jobs report also due (Thurs). Global PMIs scheduled (Fri). US Fed members speaking. Global Trends US economic data was the market driver on Friday night with no fresh geopolitical or tariff-related headlines coming through which moved the dial. US...

Read More Read More
13 Feb 2025

Upbeat end to the week

• Positive vibes. Equities rise, yields fall. USD loses ground. Favourable US PPI & geopolitical/tariff news support sentiment. AUD & NZD lift.• Tariff news. ‘Reciprocal’ US tariffs in the pipeline. Likely to be formally announced by 1 April. Markets breathe a short-term sigh of relief.• Macro events. US retail sales due tonight. Next week the RBA & RBNZ meet. Rate cuts expected by both, though the RBNZ should be more aggressive. Global Trends There were a few more pockets of headline-driven volatility overnight. But on balance, risk sentiment has been positive with favourable data and geopolitical developments coming through. Equities...

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.