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

25 Jan 2023

Trading Remains Subdued as News Flow Slows to a Trickle

Foreign exchange markets are seemingly weighed down by a heavy blanket of snow this morning, with trading ranges remaining remarkably tight ahead of next week’s central bank meetings. The greenback is up microscopically, and the Australian dollar is the only major with material gains, having risen sharply after the latest inflation numbers surprised to the upside. Equity futures are tumbling ahead of the North American open, with weak earnings guidance from Microsoft helping to keep overall risk sentiment restrained. The euro remains well-supported after the latest purchasing manager survey data suggested that economic fortunes are set to diverge on either...

Read More Read More
24 Jan 2023

Dollar Selling Abates as Policy Decisions Loom

The greenback is bleeding less profusely this morning as traders cut risk ahead of next week’s Federal Reserve, Bank of England, and European Central Bank meetings. Equity futures are weaker, Treasury yields are down, and the Japanese yen is the only major currency posting gains relative to the dollar for the session. European recession risks eased somewhat in January as the S&P Global flash composite Purchasing Managers’ Index rose to 50.2, breaking back above the 50 threshold that separates expansion from contraction. A warmer-than-expected winter, improving supply chain conditions, and large amounts of fiscal stimulus have helped the bloc’s largest...

Read More Read More
23 Jan 2023

Year of the Rabbit Delivers a Thumping to the Greenback

The dollar is tumbling this morning as a narrowing in expected growth differentials between the United States and other major economies spurs outward capital flows. After a number of Federal Reserve officials laid out the case for a slower pace of rate hikes and a series of data releases showed softness emerging in American industrial production and consumer consumption levels, investors are piling into bets on the euro, yen, and commodity-exporting emerging markets. Speculators are net short the dollar on a scale not seen since the middle of 2021 – just before the last historic rally got underway. Make of...

Read More Read More
20 Jan 2023

Markets Pause for Breath

Markets are eking out a modest recovery after a three-day paroxysm of selling that saw traditional safe haven currencies gain against their risk-sensitive rivals. North American equity futures are inching toward a positive open, Treasury yields are flat, and the dollar is stable. The pound and euro are trapped in listless trading ranges, with no obvious catalysts for movement on the calendar. Recession fears appear to be overtaking monetary tightening expectations in driving market behaviour once again, but yesterday’s newsflow remained broadly supportive of higher rates. Weekly unemployment claims unexpectedly fell, dropping by 15,000 to 190,000, homebuilding activity fell, but...

Read More Read More
19 Jan 2023

Markets Hold Losses as “Bad News is Bad News” Dynamic Returns

Risk appetite remains weaker across the financial markets this morning after a slew of data releases pointed to a slowdown in the world’s largest economy. Equity futures are setting up for more selling at the open, commodity prices are down, and ten-year Treasury yields are back to levels last hit in September. The Canadian dollar is experiencing a bout of round-number bias, clinging to the 1.35 mark after dropping nearly a cent during yesterday’s trading session. According to the latest numbers published yesterday, US retail sales fell a seasonally-adjusted 1.1 percent in December from the prior month, and were revised...

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.