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
Forecasts
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

GBP

02 Mar 2026

Volatility rises as conflict spreads, but currency movements remain restrained

Good morning. Financial markets are experiencing violent price action after the weekend’s US-Israeli strike on Iran triggered a classic—if short-lived—flight to safety and a sharp repricing in global energy markets. With shipping through the Strait of Hormuz grinding to a standstill and Gulf producers curtailing output, crude prices are up roughly 9 percent from Friday’s close, while natural gas benchmarks in Europe and Asia have surged more than 30 percent. Qatar’s state-owned energy company—one of the world’s biggest—invoked force majeure this morning, pausing liquefied natural gas delivery after Iran hit some of its facilities with drone strikes, and authorities in...

Read More Read More
01 Mar 2026

Duck & Cover

• Geopolitical nerves. US/Israel conflict with Iran has dampened risk sentiment in early Asian trade. USD firmer. NZD slips back. AUD underperforms.• Lingering risks. Market nervousness may persist for a while. Focus on oil. Risk of a jump up in prices. This could have macro impacts & be USD supportive. Global Trends The weekend geopolitical news looks set to dominate the market action, at least through the early part of the week. There is heightened uncertainty following the US/Israel missile attack on Iran, the confirmed death of Iran’s Supreme Leader Ayatollah Ali Khamenei, and Iran’s retaliatory strikes at neighbouring nations....

Read More Read More
01 Mar 2026

Currency markets brace for modest moves as Iran strikes fail to shift strategic calculus

Currency markets are set for a jolt when trading resumes this afternoon, though the reaction may prove less dramatic than the weekend’s headlines might suggest. US and Israeli strikes on Iran have sent missiles arcing across the Middle East and claimed the life of Supreme Leader Ali Khamenei, prompting celebrations in Iranian cities. Yet for all the pyrotechnics, the military campaign appears calibrated to avoid the kind of escalation that would force a wholesale repricing of risk assets. American and Israeli forces are conducting what military planners often describe as “lawn mowing” operations—hits on missile infrastructure and targeted assassinations of...

Read More Read More
25 Feb 2026

AUD outperforms

• AUD strength. Positive sentiment & firmer inflation have supported the AUD. This & JPY weakness have propelled AUD/JPY to a multi-decade high.• Data flow. US producer price inflation due later this week. Looking ahead, AU GDP, as well as the US ISMs, retail sales, & jobs report are out next week. Global Trends There was an upbeat tone overnight with limited fresh economic newsflow coming out over the past 24hrs. US and European equities rose. The US S&P500 (+0.8%) is within striking distance of record highs. A solid earnings update from tech heavyweight Nvidia after the US market close...

Read More Read More
25 Feb 2026

Markets stabilise as State of the Union address proves uneventful

Financial markets are becalmed after US president Donald Trump stuck to the script in his State of the Union address last night, avoiding any major policy announcements and striking a more measured tone on Iran than some investors had feared. The dollar is almost unchanged relative to the afternoon fix, benchmark Treasury yields are edging higher, and equity markets look set to extend yesterday’s recovery into a second session. Measures of implied volatility are tracking lower, with the VIX index—Wall Street’s “fear gauge”—falling back below the 20 threshold that typically signals a sense of alarm among market participants. The president...

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.