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

21 Feb 2023

Silent night

Unsurprisingly, with the US President’s Day holiday and no major news across the other regions, it has been a quiet start to the week. European equities eased back slightly, tracking the modest falls in US S&P500 futures (now -0.3%) with the US Fed’s higher-for-longer interest rate outlook continuing to sink in. European bond yields ticked up 2-5bps across their respective curves, with some ‘hawkish’ comments from the ECB’s Rehn playing a role. According to Rehn inflation is “excessively high”, further rate hikes by the ECB beyond March seem “logical”, and the bank shouldn’t rush to start discussing rate cuts. The...

Read More Read More
09 Feb 2023

Bond Market Signals

Fairly modest moves across markets overnight, though the underlying themes of participants reassessing the outlook for how high interest rates could go, how long central banks may need to keep them there to squash inflation, and concerns about what the economic impacts could be continuing to bubble to the surface. The US S&P500 drifted back again (-0.9%) as US bond yields rose ~6bps across the curve. The USD index has range traded over the past few sessions, but in level terms it is still up near a 1-month high. EUR is down near 1.0730, USD/JPY is up around 131.60, and the...

Read More Read More
23 Nov 2022

Market Briefing: Markets go quiet as Fed minutes and turkey loom ahead

Most major currency pairs are caught in tight trading ranges as traders brace for minutes from the Federal Reserve’s last meeting and liquidity ebbs ahead of the US Thanksgiving holiday. The dollar is modestly weaker, and Treasury yields are holding steady. The euro is trading on a slightly stronger footing after sentiment data turned higher, mitigating fears of an even sharper downturn. S&P Global’s Composite Purchasing Managers’ Index climbed to 47.8 from 47.3 in October – still below the 50 threshold separating contraction from expansion, but indicative of an improvement in confidence as the bloc grapples with a historic energy...

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.