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

13 Apr 2023

USD downturn

• USD lower. Weaker US jobless claims and PPI data has reinforced thinking the US Fed is nearing the end of its hiking phase. This has weighed on the USD.• AUD rebound. The weaker USD, positive risk sentiment, and repricing in RBA rate hike expectations following the stronger labour force report have boosted the AUD.• US retail sales in focus. US retail sales are released tonight. Leading indicators point to a softer result. A positive night for risk sentiment, with softer US data supporting expectations the US Fed could be nearing the end of its rate hiking phase. Equities were...

Read More Read More
13 Apr 2023

Australian labour market: As good as it gets

The Australian labour force report is notoriously volatile, and the March data generated yet another, albeit positive, surprise. Employment rose more than anticipated, with 53,000 jobs added in the month. This follows the ~64,000 jobs created in February. The mix was also favorable, with full-time employment leading the way (+72,200 in March). Labour market conditions remain tight. The employment-to-population ratio is historically high (now 64.4%), as is the participation rate, while unemployment is still very low. At 3.5% the unemployment rate remains near the lowest it has been since the early-1970’s. Indeed, on the monthly data going back to 1978,...

Read More Read More
12 Apr 2023

US Inflation: something for everyone

• US CPI. Headline inflation slowed a bit more than expected, but core inflation remains high. The conflicting signals generated intra-day volatility.• Softer USD. The USD lost some ground. But will it last? Sticky US core inflation points to another Fed rate hike. Rate cut pricing for later this year looks misplaced.• AUD mixed. AUD focus today will be on the Australian labour market data. Reopened borders mean the hurdle to keep unemployment steady has risen. The latest read on US CPI inflation was the focus overnight. There was something for everyone in the data, and this generated divergence across...

Read More Read More
11 Apr 2023

US CPI in focus

• Calm markets. Focus is on tonight’s US CPI. Headline inflation should mechanically slow, but core inflation could remain high. This can support the case for further tightening by the US Fed.• AUD mixed. AUD slightly higher against the USD, but remains under pressure against EUR and GBP as monetary policy outlooks diverge.• NZD underperformer. Despite last week’s larger RBNZ rate hike, NZD has fallen back. Markets are starting to factor in a RBNZ ‘policy mistake’. Markets were relatively calm overnight, with tonight’s US CPI in focus (10:30pm AEST). The US S&P500 ended the day flat, with the tech-focused NASDAQ...

Read More Read More
10 Apr 2023

USD bouncing back

• Solid US labour report. The March US labour market data showed that while momentum is slowing, conditions are still tight. US unemployment is 3.5%.• USD rebound. The US data bolstered expectations the Fed will hike rates again in May. This has boosted the USD. US CPI inflation released this week.• AUD lower. The shift in relative interest rate expectations in favour of the US has weighed on the AUD. Australian labour market data due on Thursday. The US economic data continued to roll in over the Easter Holidays. On Friday the important US labour market report was released. While...

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.