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

10 Mar 2024

Will the AUD’s upswing continue?

• US jobs. Mixed US jobs report. Payrolls stronger than expected in February, but the underlying detail and downward revisions worked in the opposite direction.• FX trends. USD lost ground last week, with the JPY upswing due to increased BoJ rate hike pricing a factor. AUD had its best week (+1.5%) since mid-December.• Event radar. Globally attention will be on the latest US CPI report (Tues) with retail sales due later in the week. BoJ policy expectations will also be in focus. The latest read on the US labour market came and went on Friday night without generating too much...

Read More Read More
08 Mar 2024

Dollar’s Fade Continues Ahead of Jobs Numbers

The dollar is stuck in a defensive posture after Federal Reserve chair Jerome Powell sounded slightly more dovish in his second day of Congressional testimony yesterday. “We’re waiting to become more confident that inflation is moving sustainably to 2 percent,” he told the Senate Banking Committee. “When we do get that confidence – and we’re not far from it – it’ll be appropriate to begin to dial back the level of restrictiveness”. This morning’s non-farm payrolls number could make or break the dollar’s decline. Expectations for the headline jobs gain have crept above the 200,000 mark this week, but the...

Read More Read More
07 Mar 2024

Dollar Slumps On Diminishing Tail Risks 

In yesterday’s Congressional testimony, Federal Reserve chair Jerome Powell warned markets not to expect rates to begin coming down in the near term, but acknowledged the need to “begin dialling back policy restraint at some point this year,” and said that central bankers remain “squarely focused” on their dual mandate. Market participants – who had been alert to the possibility of a pushback against easing financial conditions – breathed a sigh of relief, sending yields and the dollar lower for a fifth consecutive session. Broadly speaking, softer data releases and consistent messaging from Fed officials over the last week have...

Read More Read More
05 Mar 2024

Caution Prevails as Fed Officials Make Hawkish Noises

Risk appetite is fading ahead of the North American open as traders brace for a more hawkish turn from Jerome Powell during tomorrow’s semi-annual Congressional testimony. Officials seem to be growing uncomfortable with the recent easing in financial conditions. Federal Reserve Bank of Atlanta President Raphael Bostic last night suggested that the central bank’s first rate cut was likely to land in the third quarter, with a pause followed by moves spaced out over time. “Given the uncertainty,” he said, “I think there is some appeal to acting and then seeing how participants in the markets, business leaders, and families...

Read More Read More
04 Mar 2024

Markets Go Quiet Ahead of Busy Week

Activity in the currency markets remains muted ahead of what could become a dangerous week for believers in the “soft landing” consensus. The dollar is inching higher against most of its major rivals, and ten-year Treasury yields are sitting near the 4.2 percent mark, recovering somewhat after losing altitude toward the end of last week. Data out on Thursday showed monthly core inflation accelerating in January, but this seemed mainly driven by idiosyncratic factors that are unlikely to repeat themselves. Social Security cost-of-living adjustments and a rise in stock market valuations helped lift personal incomes, but pay growth slowed. On...

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.