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 Oct 2024

Pressure building

• Negative vibes. Wobbles across risk markets with US equities slipping back overnight. Higher US yields supported the USD. AUD under pressure.• Macro trends. Bank of Canada cut rates by another 50bps. Global PMIs due today. US Fed easing expectations have been pared back.• US election. Presidential election fast approaching. Odds of a Trump win & Republican sweep on the rise. This is also boosting the USD. A few wobbles across markets overnight. Base metal and energy prices slipped back, and a selloff in tech stocks weighed on the US equity market with the NASDAQ (-1.6%) underperforming the broader S&P500...

Read More Read More
23 Oct 2024

Bank of Canada Delivers Outsized Cut

The Bank of Canada cut its benchmark interest rate by an outsized 50 basis points this morning, broadly matching market expectations and triggering a small drop in the loonie. In the official statement setting out the decision, policymakers acknowledged a broad-based slowdown in Canada, noting that consumption is declining on a per-capita basis, the labour market is “soft”, and the “economy continues to be in excess supply”. Near-term growth expectations were revised down. Updated projections in the accompanying Monetary Policy Report showed the Bank’s economists expect growth to end 2024 at 1.8 percent – down from the previous 2-percent estimate....

Read More Read More
23 Oct 2024

Dollar’s Relentless Advance Continues

Demand for the dollar keeps climbing. With less than two weeks to go before the next Federal Reserve meeting and the US presidential election, global investors are piling into the greenback, cutting wagers on an aggressive easing cycle, and betting that the next administration’s policy mix will inflict serious damage on other major economies while generating higher levels of inflation at home. The DXY dollar index is up almost 4 percent from its late September low, options markets are pointing to a growing appetite for hedges against extreme moves around the polling date, and currencies that have strong trade links...

Read More Read More
22 Oct 2024

US election on the horizon

• Treading water. US equities consolidated. Yields generally ticked up. EUR & JPY softer. AUD & NZD unwind some of the falls from yesterday.• US politics. US election less than 2 weeks away. Odds of a Trump/Republican win on the rise. We don’t think the USD is fully factoring this in.• Macro events. Bank of Canada expected to cut rates by 50bps tonight. RBNZ Gov. Orr speaks in the morning. Global PMIs also due tomorrow. Most major markets have been in a bit of a holding pattern over the past few sessions given the lack of fresh top tier economic...

Read More Read More
22 Oct 2024

Bond Turbulence Roils Currency Markets

Bond markets continue to puke like the cast of Family Guy after drinking Ipecac*. The ten-year US Treasury yield is holding above the 4.2-percent threshold this morning – up from 3.6 percent in mid-September – after a violent bond selloff during yesterday’s session, and a widely-watched measure of Treasury yield volatility – the MOVE index – is pushing higher as traders brace for more turbulence. Currency markets are reacting accordingly. The dollar is outperforming most of its major rivals, keeping the euro and pound stuck near recent lows as rate differentials tilt in America’s favour. The yield-sensitive yen is coming...

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.