Explore the world.

Assess underlying market conditions and fundamentals in the world's major economies.

World

Stay ahead.

Follow the biggest stories in markets and economics in real time.

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

CHF

Iran relief rally punishes dollar

A tentative relief rally is unfolding across global markets after the US and Iran agreed to a two-week ceasefire, with yields falling, equities climbing, and the dollar tumbling against its major rivals in early action. US president Donald Trump yesterday threatened to hit civilian targets across Iran, wiping out a “whole civilization,” but reversed direction before his self-imposed deadline, claiming that Pakistan had brokered a compromise and saying “Almost all of the various points of past contention have been agreed to between the United States and Iran, but a two week period will allow the Agreement to be finalized and...

Read More Read More

Markets climb on Iran optimism

Markets are soaring after US President Donald Trump announced an end to the war in Iran, saying that he and parliamentary Speaker Mohammad Bagher Qalibaf had “really hit it off” during a FaceTime call brokered by Jared Kushner. “Tremendous guy. Deeply misunderstood. Loves oceanfront real estate,” Trump posted at 4:17 AM. Under the proposed settlement, Iran has agreed to give up nuclear enrichment activities in favour of simply getting rich. Tehran will recycle its oil revenues into a new dollar-pegged stablecoin called the PetroDollar™, which will be backed by partial ownership stakes in certain Trump-branded properties, including an unused room...

Read More Read More

US and Israel launch regime change attempt in Iran, potentially roiling markets

The US and Israel launched air strikes on Iran earlier this morning, with the apparent aim of overthrowing the regime that has ruled since 1979. In an early-morning address, US president Donald Trump said “The United States military is undertaking a massive and ongoing operation to prevent this very wicked, radical dictatorship from threatening America and our core national security interests,” telling Iranians: “When we are finished, take over your government. It will be yours to take.” Verifiable news has been limited, but the initial barrage appears to have targeted Iranian leadership, not wider military or economic infrastructure. Explosions have...

Read More Read More

Precious metals plunge triggers global selloff

A slow-motion flight to safety is underway across the currency markets this morning, as a bloodbath in the precious metals complex extends into a second week. Equity futures are pointing to further losses at the North American open, the US dollar is climbing against all of its major rivals as traders exit risky positions across a range of asset classes, and commodity-sensitive currencies like the Australian dollar, Canadian dollar, and Swiss franc are coming under selling pressure. Gold and silver prices suffered their biggest selloff in years on Friday, prompting many observers to suggest that the “debasement trade” was in...

Read More Read More

Fundamental drivers reassert themselves in currency markets

Good morning. After a series of early-week distractions, currency market drivers are shifting back toward economic fundamentals today, with mixed US data keeping yields within tight ranges and the Japanese yen becoming a key focal point ahead of a potential snap election. Equity futures are setting up for a negative open after modest losses in yesterday’s session, Treasury yields are holding firm across the curve, and the dollar is trading almost imperceptibly lower against a basket of its major counterparts. American consumers continued to engage in retail therapy in November. According to figures published by the Census Bureau this morning,...

Read More Read More

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.