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

NZD

15 Aug 2024

US recession risks continue to fade

• US data. Positive US jobless claims & retail sales data has further reduced recession fears. US equities jumped up, as did bond yields. USD firmer.• AUD outperformance. Another solid Australian jobs report helped the AUD hold its ground against the USD & strengthen on the crosses.• RBA speakers. Gov. Bullock & others testify to Parliament. Domestic conditions still suggest the RBA is on a slightly different path to its peers. A positive jolt across risk markets with a few more US data points reducing fears a recession is imminent. Initial jobless claims (the gauge of how many people are...

Read More Read More
14 Aug 2024

RBNZ kicks off its easing cycle

• Steady ship. US CPI largely as expected. Consolidation in markets. NZD underperformed. This also exerted a bit of pressure on the AUD.• RBNZ cut. RBNZ delivered a 25bp cut & flagged many more to come. Fundamentals between AU & NZ are diverging. This is AUD/NZD positive.• Data flow. Today, the volatile AU jobs report, China activity data, UK GDP, & US retail sales are due. A couple of US Fed members also speak tonight. The latest US CPI inflation report was in focus overnight, and the largely as anticipated results generated a rather benign response. The annual pace of...

Read More Read More
14 Aug 2024

AUD/NZD – RBNZ joins the rate cut club

Another one bites the dust with the Reserve Bank of New Zealand today joining the likes of the Bank of Canada, the European Central Bank, and the Bank of England in kick starting its monetary policy easing cycle. The RBNZ delivered a 25bp reduction, lowering the official cash rate to 5.25%. The RBNZ went hard and early during the interest rate hiking phase, and the negative impacts from 15-months of very ‘restrictive’ settings are being felt across the NZ economy. The previously reluctant RBNZ has (finally) seen the light, something we believed was a matter of time (see Market Musings:...

Read More Read More
13 Aug 2024

Positive vibes

• Positive jolt. Soft US producer prices boosted risk sentiment. US equities rose, while bond yields & the USD declined. AUD’s rebound has extended.• RBNZ today. AUD/NZD on the radar. RBNZ meets today. Markets & economists split on whether a cut is delivered. AUD/NZD volatility likely.• Data flow. US CPI inflation out tonight. UK CPI also due. Tomorrow, Australian jobs, the China activity data batch, & US retail sales are released. A subdued US Producer Price Index, a sign upstream inflation pressures are moderating, generated a positive jolt for risk sentiment overnight. US headline PPI rose just 0.1% in July,...

Read More Read More
12 Aug 2024

Data flow set to heat up

• Quiet start. Subdued start to the new week. US equities consolidated, bond yields slipped back. Commodities firmer. This helped the AUD drift higher.• Data flow. UK jobs & US PPI due today. US inflation, RBNZ meeting, & UK CPI out tomorrow. Will the US PPI/CPI show moderating inflation pressures?• AU data. Q2 wages & business conditions in focus today. Wages drive services inflation. The monthly Australian jobs report out on Thursday. In contrast to the panic sell-off across markets last Monday it was a typical quiet start to the week yesterday. US equities consolidated (NASDAQ +0.2%, S&P500 flat), bond...

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.