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

11 Sep 2023

Dollar stalls on Asian currency rebound

Central bank jawboning helped the Chinese yuan and Japanese yen stop the dollar’s advance this weekend, with the trade-weighted exchange rate roughly -0.3 percent below Friday’s close. North American equity futures are setting up for a modestly-positive open, Treasury yields are inching higher, oil prices are slipping, and most other major currencies are firmly rangebound against the dollar. The renminbi jumped more than 1 percent in Asian trading hours after the People’s Bank of China warned that it could intervene directly in markets to squeeze short-sellers and stabilize exchange rates. “We will not hesitate on taking actions when necessary to...

Read More Read More
10 Sep 2023

Will the US data underwhelm?

Quiet markets. Equities consolidated on Friday. US yields & oil ticked up. In FX, the USD is tracking at high levels, with the AUD hovering just above its 2023 lows.JPY focus. Japanese officials continue to ramp up the rhetoric about JPY weakness. BoJ Governor Ueda also gave a rather ‘hawkish’ interview.Event risks. AU business conditions, US CPI, AU employment, US retail sales, the ECB meeting, & the China activity data are due this week. Without any fresh economic news global markets were restrained on Friday. Across equities, the US S&P500 was slightly higher (+0.1%), while the European EuroStoxx50 outperformed (+0.4%)...

Read More Read More
08 Sep 2023

Yuan plummets, dollar pushes toward eighth weekly gain

Faith in a US soft landing – bolstered by yesterday’s surprise drop in initial jobless claims – seems to be on shakier ground this morning. Equity futures are broadly lower, Treasury yields are slipping, and the dollar is down almost imperceptibly – although it remains on course toward closing out an eighth week of gains against its major counterparts. The Canadian dollar is essentially unchanged after Governor Tiff Macklem hinted that the Bank of Canada’s monetary tightening cycle was drawing to a close. “With past interest rate increases still working their way through the economy,” he said “monetary policy may...

Read More Read More
07 Sep 2023

AUD finding a base?

• Negative vibes. A more cautious tone overnight with equities & bond yields lower. The USD remains firm, with EUR & GBP weakening.• AUD consolidation. Despite the shaky risk backdrop the AUD has held its ground, albeit at low levels. A lot of negatives now look to be factored in• Event radar. AU business conditions, US CPI, AU employment, US retail sales, the ECB meeting, & the China activity data are due next week. A slightly cautious tone across markets overnight. Following on from the weakness in Asia the major European and US equity markets edged lower with the NASDAQ...

Read More Read More
07 Sep 2023

Another day, another (more expensive) dollar

The greenback keeps moving from strength to strength, with the “US outperformance” trade gaining renewed momentum as risk appetite falls and signs of weakness grow more evident in other parts of the global economy. Equity futures are softening this morning as reports of a Chinese government ban on Apple devices drive the technology company’s shares lower. Yields are slightly lower at both the two- and ten-year horizons, and most major currencies are down against the dollar.  Yesterday, when the Institute for Supply Management said its index of service-sector activity had risen to a six-month high, with improvements seen in virtually...

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.