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

USD

12 Mar 2024

Hotter US CPI taken in stride

• US CPI. US inflation slightly higher than expected. But markets were more prepared. Equities rose, & while bond yields ticked up, USD strength was minimal.• Details matter. Some of the US CPI strength likely to reverse. US Fed to remain cautious about rate cuts near-term, but that is already priced into markets.• AUD & JPY. AUD dipped a touch, & USD/JPY rose. Japan’s Rengo wage outcomes will impact BoJ expectations, USD/JPY & the broader USD. Market focus was on the latest US CPI inflation data overnight. US headline and core (i.e. ex food and energy) rose 0.4% in February...

Read More Read More
12 Mar 2024

Well-prepared markets take hotter-than-expected inflation print in stride

Consumer price growth accelerated in the United States last month, suggesting that January’s hotter-than-expected print signalled a re-acceleration in underlying inflation pressures, and raising the odds on a more hawkish outlook from the Federal Reserve at next week’s policy meeting. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index – with highly-volatile food and energy prices excluded – rose 3.8 percent in February from the same period last year, up 0.4 percent on a month-over-month basis. This slightly exceeded consensus estimates among economists polled by the major data providers ahead of the...

Read More Read More
12 Mar 2024

Markets Hunker Down Ahead of Inflation Release

The dollar’s selloff is slowing ahead of inflation numbers that could have a direct bearing on the policy outlook presented during next week’s Federal Reserve meeting. Equity futures are trending upward, but Treasury yields are holding flat, and high-beta currencies like the Canadian dollar are coming under modest selling pressure as traders cut risk. February’s consumer price index is expected to show headline prices accelerating while the core measure slows – but considerable uncertainty remains around whether January’s hotter-than-expected numbers marked the beginning of a trend. If price growth remains stubbornly high, officials could reduce the number of expected rate...

Read More Read More
11 Mar 2024

Another US CPI jolt looming?

• Mixed markets. Equities eased a little while bond yields nudged up overnight. Currencies were well contained. AUD consolidated near ~$0.6610.• US CPI. US inflation data in focus tonight. Will the February US CPI data confirm or disprove the January reading as an anomaly?• Expectations matter. Analysts look to be factoring in a greater chance of an upside surprise. This suggests a bigger market reaction could be to a lower print. Markets have had a fairly subdued start to the new week with attention on tonight’s US CPI inflation data (11:30pm AEDT). Global sharemarkets have been mixed. The US S&P500...

Read More Read More
11 Mar 2024

Soft Landing Bets Remain Dominant Ahead of Inflation Data

The trade-weighted dollar is coming under renewed selling pressure this morning after last week’s events helped fortify expectations for a “soft landing” in the US economy. On Thursday, Federal Reserve chair Jerome Powell told Congress that the Federal Reserve was “not far” from the level of confidence needed to cut rates. Friday’s jobs report showed headline job growth topping expectations, but revisions to the prior two months pointed to cooling momentum, and average hourly earnings saw their smallest month-on-month rise in two years. The pound and euro are defending last week’s advances in tight trading ranges. Sterling’s rally is losing...

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.