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

EUR

Dollar climbs in line with rising yields

Good morning. Oil prices are back above $100 a barrel, yields are climbing, and the dollar is once again in the ascendant as Iran steps up its attacks on shipping through the Strait of Hormuz and traders keep a wary eye on a storm forming in the Gulf of Mexico. Brent futures are trading near $102 a barrel after several strikes were reported overnight and forecasters warned that the first Atlantic hurricane of 2026 could threaten offshore oil and gas facilities responsible for a significant share of US output. Ten-year Treasury yields are near 5.32%, and the trade-weighted dollar is...

Read More Read More

Dollar softens but stays elevated as energy prices ease

Good morning. The dollar is retreating, but remains near its highest levels since April last year, even as energy prices ease modestly and Treasury yields inch lower. Data released yesterday showed the US services sector remaining in expansionary territory last month, with strong demand adding to the strain on supply chains and raising price pressures, suggesting that the Federal Reserve may need to keep rates higher for longer. The euro is steadying and stress in European bond markets is easing as French politicians—with varying degrees of credibility—attempt to project a message of fiscal prudence. The spread between French and German...

Read More Read More

Dollar climbs as fear intensifies in global currency markets

Happy Monday. The dollar is trading near its strongest levels since last year’s ‘Liberation Day’ tariff debacle, and measures of implied volatility are climbing as long-term borrowing costs soar and fears of another sovereign-debt crisis stalk the euro area. Virtually every major currency is in an oversold technical position relative to the greenback, with most pairs trading almost 2% below their 200-day moving averages. Last week brought a dovish repricing in expectations for US monetary policy. Throughout the week, Fed officials, including New York president John Williams. suggested policymakers needed more time to assess conditions, hinting that the next move...

Read More Read More

US payrolls disappoint, easing upward pressure on yields and the dollar

The US job creation engine decelerated sharply in September, adding to market bets on a short pause in the Federal Reserve’s tightening campaign in October. According to the Bureau of Labor Statistics, 29,000 jobs were added in the month—representing an undershoot relative to the 90,000-consensus forecast—while the previous two months were revised down by a total 60,000 positions, bringing the three-month average pace of job creation down to 51,000, from 71,000 ahead of the update. The unemployment rate unexpectedly ticked up to 4.2% percent from 4.1% in August, and average hourly earnings climbed just 0.1% month-over-month, slowing from the 0.3%...

Read More Read More

Bond market signals

• Bond yields. Bonds still in the driver’s seat. Worries about government debt widen spreads across Europe. EUR lower, USD higher. AUD still on backfoot.• Data pulse. US ISM in ‘expansionary’ territory. Eurozone CPI & US jobs report due tonight. More volatility in interest rate expectations & FX likely. Global Trends Gyrations in global bond markets continue to be front of mind for investors. Bond yields were volatile overnight and this flowed through to other asset classes. The combination of inflation pressures (brent crude rose ~5.2% to US$103/brl), central bank rate hike expectations, greater government bond supply due to high/rising...

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.