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

12 Feb 2024

Will US inflation slow further?

• Quiet start. Subdued markets with modest moves in equities, bond yields, & the major currencies. Firmer metals prices help the AUD a little.• US inflation. January US CPI due tonight. Leading indicators point to US inflation continuing to slow. Will this see the USD lose ground?• AUD crosses. Pairs like AUD/GBP, AUD/EUR & AUD/NZD look to be trading too low compared to levels implied by yield differentials and/or other fundamentals. It has been a quiet start to the week, unsurprising given the limited news flow and with several Asian markets closed for the Lunar New Year. In contrast to...

Read More Read More
11 Feb 2024

US inflation & AU jobs in focus

• Positive tone. The lack of meaningful revisions to the US CPI seasonal factors supported sentiment. US equities hit another record. The AUD edged up.• US focus. US CPI & retail sales this week. Inflation projected to slow with headline CPI set to slip below 3%pa. This may take some of the heat out of the USD.• Event radar. AU jobs report released Thursday with employment forecast to rebound. RBNZ Gov. Orr speaks. UK GDP & CPI also due this week. An upbeat tone across markets on Friday with participants and Federal Reserve policymakers breathing a sigh of relief that...

Read More Read More
07 Feb 2024

Steady as she goes

• Consolidation. US equities edged higher, bond yields ticked up slightly, but the USD and other major currencies remained range bound.• Fed speak. More Fed members spoke overnight. But reaction was limited. Market interest rates have adjusted with odds of a March cut whittled down.• AUD turn? AUD tracking below our fair-value estimate. A lot of bad news looks factored in. US inflation, US retail sales, & AU jobs due next week. Fairly subdued trade in most markets overnight. Given the lack of top tier data releases this is not a surprise. In contrast to European stocks which eased slightly...

Read More Read More
05 Feb 2024

Will the RBA stop the AUD’s slide?

• Fed repricing. Positive US services ISM & Fed rhetoric has seen markets continue to pare back rate cut bets. Rising US yields are supporting the USD.• RBA today. The decision & new forecasts are released at 2:30pm AEDT with Gov. Bullock holding a press conference from 3:30pm AEDT.• Push back? No policy change expected. Focus will be on the RBA’s guidance. Will it follow the BoE & US Fed by leaning against rate cut forecasts? The upswing in bond yields and the USD has continued at the start of the new week. A positive surprise in the US ISM...

Read More Read More
04 Feb 2024

Markets jolted by US jobs

• US jobs. A much stronger than expected US jobs report jolted markets. US yields rose. This supported the USD & pushed the AUD back to the bottom of its range.• Too good to be true? Issues with seasonal factors & weather impacts could have made a good set of numbers look great. Payback likely over time.• RBA in focus. A new year & a new format. No policy change anticipated. But Governor Bullock could follow the Fed & BoE in pushing back on rate cut bets. Another day another burst of volatility on Friday with a bumper US jobs...

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.