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

12 Mar 2024

Markets Hunker Down Ahead of Inflation Release

The dollar’s selloff is slowing ahead of inflation numbers that could have a direct bearing on the policy outlook presented during next week’s Federal Reserve meeting. Equity futures are trending upward, but Treasury yields are holding flat, and high-beta currencies like the Canadian dollar are coming under modest selling pressure as traders cut risk. February’s consumer price index is expected to show headline prices accelerating while the core measure slows – but considerable uncertainty remains around whether January’s hotter-than-expected numbers marked the beginning of a trend. If price growth remains stubbornly high, officials could reduce the number of expected rate...

Read More Read More
11 Mar 2024

Soft Landing Bets Remain Dominant Ahead of Inflation Data

The trade-weighted dollar is coming under renewed selling pressure this morning after last week’s events helped fortify expectations for a “soft landing” in the US economy. On Thursday, Federal Reserve chair Jerome Powell told Congress that the Federal Reserve was “not far” from the level of confidence needed to cut rates. Friday’s jobs report showed headline job growth topping expectations, but revisions to the prior two months pointed to cooling momentum, and average hourly earnings saw their smallest month-on-month rise in two years. The pound and euro are defending last week’s advances in tight trading ranges. Sterling’s rally is losing...

Read More Read More
08 Mar 2024

Job Creation Beats Estimates, But Underlying Momentum Slows

The US job creation engine slowed in February, and revisions subtracted heavily from the prior two months – but still managed to generate far more jobs than expected. According to data released by the Bureau of Labor Statistics this morning, 275,000 jobs were added, but the unemployment rate climbed to 3.9 percent as the labour force expanded, and average hourly earnings rose 0.1 percent month-over-month, missing market expectations. Ahead of the release, consensus estimates had pointed to a 200,000-job gain, the unemployment rate was seen holding steady at 3.7 percent, and earnings were expected to rise 0.2 percent.  Revisions subtracted...

Read More Read More
08 Mar 2024

Dollar’s Fade Continues Ahead of Jobs Numbers

The dollar is stuck in a defensive posture after Federal Reserve chair Jerome Powell sounded slightly more dovish in his second day of Congressional testimony yesterday. “We’re waiting to become more confident that inflation is moving sustainably to 2 percent,” he told the Senate Banking Committee. “When we do get that confidence – and we’re not far from it – it’ll be appropriate to begin to dial back the level of restrictiveness”. This morning’s non-farm payrolls number could make or break the dollar’s decline. Expectations for the headline jobs gain have crept above the 200,000 mark this week, but the...

Read More Read More
07 Mar 2024

Dollar Slumps On Diminishing Tail Risks 

In yesterday’s Congressional testimony, Federal Reserve chair Jerome Powell warned markets not to expect rates to begin coming down in the near term, but acknowledged the need to “begin dialling back policy restraint at some point this year,” and said that central bankers remain “squarely focused” on their dual mandate. Market participants – who had been alert to the possibility of a pushback against easing financial conditions – breathed a sigh of relief, sending yields and the dollar lower for a fifth consecutive session. Broadly speaking, softer data releases and consistent messaging from Fed officials over the last week have...

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.