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

13 Sep 2023

Underlying US price growth accelerates, pushing dollar higher

Last updated: 08:46 EDT Underlying US consumer inflation accelerated more than expected last month, helping ratify market expectations for at least one more move in the Federal Reserve’s tightening cycle.  According to data published by the Bureau of Labor Statistics this morning, the headline consumer price index rose 3.7 percent in August from the same period last year, up 0.6 percent on a month-over-month basis. This was closely aligned with consensus estimates among economists polled by the major data providers ahead of the release. Energy costs jumped 5.6 percent month-over-month as global oil prices surged.  The – arguably more important...

Read More Read More
13 Sep 2023

Price action slows to a crawl ahead of inflation print

The trade-weighted dollar is moving sideways, equity futures are slightly weaker, and long-term yields are creeping higher ahead of data that is expected to show core consumer price growth continuing to fade in the face of the Federal Reserve’s tightening campaign. According to consensus expectations, month-over-month headline inflation accelerated to 0.6 percent in August as energy prices climbed, driving the all-items index to a 3.6-percent gain over last year. But core – widely considered a more reliable gauge of underlying inflation – is seen rising just 0.2 percent for a third month running, bringing the year-over-year increase down to 4.3...

Read More Read More
12 Sep 2023

US inflation cross-currents

• Mixed signals. US equities a bit lower, bond yields mixed, while oil rose. EUR rebounded following a ‘hawkish’ news article. AUD consolidates.• US inflation. The latest US CPI report is released tonight. Headline inflation is set to jump because of oil, but core inflation is predicted to slow.• Diverging trends. Australian consumer sentiment remains low, but business conditions improved. The local jobs data is released tomorrow. Markets were generally well contained overnight as participants await tonight’s US CPI report (10:30pm AEST). In bonds, the US 2yr yield drifted a bit higher (+3bps to 5.02%), while long end yields moved...

Read More Read More
12 Sep 2023

Shock and awwww….

Oil prices have risen more than $20 from their lows earlier this year and US gasoline prices have jumped, raising fears of another seventies-style “energy shock” that weakens the economy and forces the Federal Reserve into further monetary tightening. Higher energy costs certainly could add to other factors – ebbing excess savings, student loan repayments, and slowing wage growth – in slowing consumer spending, particularly near the bottom of the US income distribution. But when we put oil prices in real terms – adjusting them for the rate of overall inflation over time – it is clear that today’s surge...

Read More Read More
12 Sep 2023

Markets flat-line into US inflation report

Currency traders are so bored, they’re working just to pass the time this morning. Foreign exchange market ranges remain remarkably tight ahead of tomorrow’s US consumer inflation report, equity futures are pointing toward an incrementally-softer open, and Treasury yields are inching lower into what could be a news-light trading day. The pound is holding below the psychologically-important 1.25 threshold against the dollar after British wage growth stayed hot in the three months through July – making a compelling case for more Bank of England tightening – even as the broader labour market showed signs of easing, suggesting that a growth...

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.