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

CAD

23 Apr 2025

Relief Washes Over Markets As US Dials Down Rhetoric

The dollar is strengthening, yields are edging lower, and North American equity markets are barrelling toward a second day of gains after the Trump administration appeared to soften its stance on several policy fronts. Risk sentiment improved early in yesterday’s session on signs that the administration intends to retreat from its maximalist positions on China. In a closed-door meeting with investors, Treasury Secretary Scott Bessent reportedly said “No one thinks the current status quo is sustainable at 145 and 125 percent” tariffs, “So, I would posit that over the very near future, there will be a de-escalation. And I think...

Read More Read More
22 Apr 2025

Selling Moderates as Assault on Fed Independence Slows

The greenback is finding its footing once again after selling pressure intensified during yesterday’s session when President Trump doubled down on his attacks against Federal Reserve chair Jerome Powell. In a post on social media that landed after multiple firing threats, Trump demanded that the central bank deliver “pre-emptive” rate cuts, saying inflation is trending “nicely downward” and “There can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW”. Equity futures are setting up for a bounce at the open, yield curves are flattening, and currencies like the euro, pound, yen, and...

Read More Read More
21 Apr 2025

Markets Plunge as Trump Administration Steps Up Threats Against Fed

Financial markets are getting hit again this morning, with US equity indices, Treasuries, and the dollar all tumbling in synchrony as investors assess new threats to the Federal Reserve’s independence against an increasingly-forbidding growth backdrop in the world’s largest economy. The greenback dropped more than 1 percent on a trade-weighted basis in overnight markets after the Trump administration stepped up its attacks on Jerome Powell, threatening to demolish the Fed’s hard-won independence from political pressure. In a series of posts on his Truth Social platform last week, Trump argued that interest rates should be cut, saying “Powell’s termination cannot come...

Read More Read More
16 Apr 2025

US pain points

• US trends. US equities lost ground, as did bond yields & the USD. This helped currencies like EUR, AUD, & NZD lift. USD/JPY at multi-month lows.• Central banks. BoC surprised by keeping rates steady. US Fed Chair Powell indicated tariff impacts leave policymakers in a difficult spot.• Macro events. NZ CPI a bit hotter than forecast. China growth stronger. AU jobs report due today. ECB also expected to cut interest rates again. Global Trends A ‘risk off’ tone returned to US markets overnight with equities losing altitude (S&P500 -2.2%, NASDAQ -3.1%) and bond yields declining for the third straight...

Read More Read More
15 Apr 2025

In the eye of the storm?

• Calmer markets. European equities rose, while US markets gave back initial gains. EUR lost a bit of ground. AUD & NZD edged higher.• Tariff news. Tariff-related developments somewhat negative. EU/US talks haven’t found common ground. China still pushing back. US data soft.• Macro events. China GDP out today. In the US retail sales & speech by Fed Chair Powell in focus tonight. AU jobs report due tomorrow, as is NZ CPI. Global Trends Compared to the past few weeks markets were relatively calm overnight. While European equities rose (EuroStoxx600 +1.6%), the US indices gave back initial gains to end...

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.