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

EUR

24 Jan 2024

China pulls another policy lever

• Positive tone. Equities & commodities higher. US bond yields rose. EUR, GBP & NZD firmer while the AUD has range traded over the past 24hrs.• China & tax cuts. Policymakers in China cut the RRR. Locally, changes to stage 3 tax cuts could see more relief flow to low/middle income earners.• ECB & US GDP. No change expected from the ECB. But will it push back on rate cut pricing? US GDP should confirm another solid quarter of growth. A generally positive mood across markets overnight. Equities rose with the S&P500 (+0.2%) touching a new record high. The EuroStoxx50...

Read More Read More
24 Jan 2024

Chinese Relief Efforts Boost Sentiment 

An escalation in Chinese stimulus efforts is helping boost global asset prices this morning, driving equity indices, commodity prices, and risk-sensitive currencies higher ahead of the North American open. The greenback is weaker, Treasury yields are slipping, and oil prices are holding steady in still-oversupplied markets. In an unexpected step, the People’s Bank of China announced it would lower the amount of reserves banks need to hold against their deposits for the third time in a year, potentially unlocking roughly 1 trillion yuan in new lending capacity. The move, which comes after a raft of securities purchases by China’s “national...

Read More Read More
23 Jan 2024

More policy support in China?

• Mixed markets. US equities a little higher, with long-end bond yields also rising. USD firmer against EUR & GBP. AUD consolidated near ~$0.6580.• China stimulus. Reports of measures aimed at supporting equities gave Chinese stocks & CNH a shot in the arm. BoJ holds steady but gave a ‘hawkish’ hint.• NZ CPI. Headline NZ inflation slowed as expected, but domestic inflation remains sticky. AUD/NZD dipped post this mornings NZ CPI release. A varied performance across markets over the past day, though most moves have been modest. US equities ended the day higher. The S&P500 (+0.3%) is just shy of...

Read More Read More
23 Jan 2024

Market Moves Run Out of Oomph

After a strong start to the year, rallies in US equity markets and the dollar appear to be nearing exhaustion this morning. S&P 500 futures are pointing to a flat open and the greenback is inching higher on a stabilization in ten-year Treasury yields above the 4.1-percent threshold. The Canadian dollar is drifting lower as traders brace for a cautiously-dovish central bank decision tomorrow. The Japanese yen is modestly stronger after the Bank of Japan left policy settings intact yet signalled a move out of negative rates territory was still in the offing. Policymakers left the short-term benchmark rate at...

Read More Read More
22 Jan 2024

Will the BoJ hold the line?

• Subdued markets. US equities added to their gains, bond yields drifted a bit lower, & the USD ticked up. AUD slipped back towards ~$0.6570.• BoJ decision. No changes by the BoJ anticipated today. But there is always scope for a surprise. If it were to occur, the ‘under-valued’ JPY would lift.• NZ inflation. Q4 NZ CPI due tomorrow. Inflation slowdown set to extend. A large drop could reinforce RBNZ rate cut views, a support for AUD/NZD. It has been quiet start to the week across markets. This isn’t surprising given the lack of economic data releases and with members...

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.