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

SGD

18 Jan 2024

Markets calm down, but for how long?

• Improved sentiment. Equities took the latest uptick in the US 10yr yield in their stride. Limited FX moves with the AUD a relative outperformer for a change.• AU jobs. The ‘labour force lottery’ lived up to its volatile nature. Following a few strong months employment fell sharply but unemployment held steady.• Vol. to continue. The laundry list of uncertainties and macro/geopolitical flashpoints suggests the recent volatility could be a taste of things to come. Risk sentiment improved overnight with a further modest rise in long-end bond yields not causing the same market turbulence as it has recently. On the...

Read More Read More
18 Jan 2024

Rate expectations continue to adjust

• Yield rebound. Upside surprises in US retail sales & UK inflation has seen markets pare back rate cut expectations. Higher yields have supported the USD & GBP.• Negative vibes. The shifting interest rate outlook & patchy China data has dampened risk sentiment. The AUD’s slide has continued.• AU jobs. December labour force report released today. It could be a volatile month. Another positive result could help the AUD stabilise. The rebound in bond yields and the USD, and pull-back in risk assets (including the AUD) has continued with stronger US retail sales and a re-acceleration in UK inflation raising...

Read More Read More
16 Jan 2024

No need to rush

• USD rebound. The rise in US yields on the back of comments by the Fed’s Waller has supported the USD. AUD is under ~$0.66 for the first time in a month.• Slow & steady. Waller noted cuts shouldn’t be rushed. March too soon to start, but markets already pricing in a slower & shallower cutting cycle than in the past.• Volatility. China data released today, US retail sales due tonight, & the Australian jobs report is out tomorrow. The data flow points to more volatility. A bout of market turbulence has come through with a jump in US bond...

Read More Read More
14 Jan 2024

Diverging economic fortunes

• US yields. Softer US producer prices supported views inflation pressures are receding. Expectations of multiple Fed cuts in 2024 remain. US 2yr yields fell.• Stable FX. Despite the drop in US yields the USD consolidated. AUD is hovering just under ~$0.67. The RBA outlook continues to diverge from its peers.• Event radar. Offshore the China data batch, US retail sales & comments by Fed/ECB officials will be in focus. Locally, the December jobs report is due. A quiet end to last week across FX markets with the major currencies range bound on Friday. The USD Index held its ground...

Read More Read More
11 Jan 2024

US CPI surprise

• US CPI. Data slightly higher than forecast. This triggered a bout of market volatility. After an initial jump in yields & the USD, & drop in equities, markets reversed.• Glass half full. US yields fell as some underlying inflation trends still support the outlook for eventual Fed policy easing, though a move in March looks too soon.• AUD vol. Further bouts of AUD volatility likely given where we are in the cycle. Since the float the AUD has, on average, traded in a ~13cent range each year. Markets endured a burst of volatility overnight in the wake of the...

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.