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

24 Nov 2023

Tryptophan-addled markets move sideways

Currency market liquidity is thinner than a Wegovy patient at a Thanksgiving dinner, with choppy price action leaving most major pairs effectively unchanged relative to Wednesday levels. Equity futures are pointing to a subdued holiday session, ten-year Treasury yields are holding at 4.46 percent, and trade-weighted measures of the dollar are staying stable as traders keep positions square into the weekend. The Japanese yen is holding just north of 149 against the dollar after updated inflation numbers came in slightly below expectations, further diminishing odds on an imminent shift away from the central bank’s easy-money policies. Consumer prices excluding fresh...

Read More Read More
22 Nov 2023

Ranges hold in foreign exchange markets as holiday looms

Currency markets are caught in choppy trading conditions as selling pressure on the US dollar abates ahead of tomorrow’s Thanksgiving holiday. Equity futures are steady, Treasury yields are up modestly on the short end, and oil prices are moving sideways as overall liquidity levels fall. The pound is holding near a two-month high on hawkish verbal support from Bank of England policymakers, and the euro is clinging to the 1.09 threshold against the greenback as traders await new catalysts – perhaps tomorrow’s purchasing manager indices – for a move higher. Although momentum is slowing, both the Chinese yuan and Japanese...

Read More Read More
21 Nov 2023

Dollar fades ahead of Fed minutes

The dollar keeps slipping, slipping, slipping into the future. With this afternoon’s Federal Reserve meeting minutes expected to confirm an increasingly-dovish consensus among policymakers, the greenback is trading near its August lows, down almost 3 percent on a trade-weighted basis this month. The record of deliberations leading up to the central bank’s early-November decision is likely to show officials seeing growth and inflation risks as more “balanced,” with “many” or “most” participants seeing rates as “near, or already at a sufficiently restrictive” level – language that should bring market-implied odds on a final rate hike down to near zero. The...

Read More Read More
17 Nov 2023

Global bond rally continues, weighing on dollar

Easing expectations are growing across global financial markets after another round of softer-than-anticipated data led investors to pull implied rate cuts further forward in 2024. In the US, equity futures are firm, Treasury yields are down, and the dollar is on the defensive after reports yesterday morning showed import prices sliding by more than economists forecast while the number of people submitting new claims for jobless benefits began to climb in earnest. Walmart, arguably a better consumer spending bellwether than any sentiment survey or economic forecaster, released a more pessimistic earnings outlook, saying it saw signs of restraint from households...

Read More Read More
15 Nov 2023

Markets extend post-inflation gains

Markets are still roaring upward after US inflation slowed in October, removing a key impetus behind the Federal Reserve’s monetary tightening campaign. Equity futures are pointing to further gains after stock markets added more than a trillion dollars in value during yesterday’s session, ten-year Treasury yields are holding near 4.47 percent after tumbling more than 19 basis points in the space of a day, and the dollar is flat after losing almost 1.2 percent against a basket of major currencies. Investors now expect the central bank to cut rates four times in 2024, up from the three previously expected, with...

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.