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

CNY

20 Jun 2024

Central Bank Easing Hints Boost Risk Appetite

The dollar is reversing an early-week decline and Treasury yields are creeping higher as market participants return from yesterday’s US holiday. North American equity futures are adding to their gains, and a broader improvement in sentiment is helping feed through into appreciation in high-beta currencies – like the Canadian dollar – amid still-thin trading conditions. A surprise easing decision from the Swiss National Bank is helping bolster liquidity expectations. Officials in the financial safe haven elected to lower inflation projections and deliver a 25 basis point rate cut as they work to reduce restrictiveness and counter recent strength in the...

Read More Read More
17 Jun 2024

European Political Uncertainty Weakens Risk Appetite

Currency markets are struggling to gain traction as political turmoil weighs on the euro, sustaining safe haven flows into the dollar, yen, and Swiss franc. Broader conditions look mixed, with North American equity futures little changed, bond yields ticking upward, crude prices nudging higher, and raw industrial commodity benchmarks slipping.  Ten-year French government bonds are still yielding roughly 80 basis points more than their German counterparts as uncertainty remains elevated ahead of the country’s two-round legislative election, which is set to conclude on July 7. Both Marine le Pen’s far-right National Rally and the left-wing Popular Front parties have made substantial advances...

Read More Read More
13 Jun 2024

Market Calm Returns

Financial markets are stabilising this morning as investors process the implications of yesterday’s soft US inflation print and more hawkish-than-expected Fed decision. The dollar is moving sideways along with the pound and euro, Treasury yields are slipping, and North American equity futures are setting up for a mixed trading day. The May inflation report was unquestionably positive, consistent with rate cuts beginning in the autumn months. Headline and core consumer price indices increased by less than expected, with declining energy prices putting downward pressure on the all-items measure while a sharp decline in car insurance premiums offset still-stubborn shelter costs....

Read More Read More
30 May 2024

US events in focus

• Shaky sentiment. US equities, yields & the USD a bit lower as Q1 US GDP was revised down. AUD rebounds up towards ~$0.6630 (its 1-month average)• US politics. Former President Trump found guilty. Market impact has (so far) been limited. More twists & turns in US politics look likely.• Data flow. China PMIs, Eurozone CPI, & US PCE deflator due today. Moderating US inflation & positive data elsewhere could weigh on the USD. There was a ‘risk off’ tone across most markets overnight, although in FX the moves didn’t follow the usual script. US equities slipped back (S&P500 -0.6%)...

Read More Read More
23 May 2024

Nvidia Earnings Offset Fed Losses in Currency Markets

The US dollar is edging lower as risk appetite recovers from a surprisingly-hawkish set of Fed minutes. The greenback surged yesterday afternoon after a record of the Federal Reserve’s last meeting showed officials expressing doubts over whether interest rates were tight enough to bring inflation down to target, weighing on rate cut expectations across the front of the curve. According to the minutes, although policymakers generally thought the central bank was “well positioned,” there were “many” who felt “uncertainty about the degree of restrictiveness” being imposed on the economy. “Various participants mentioned a willingness to tighten policy further should risks...

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.