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

26 Aug 2022

Market Wire: US Consumer Spending and Inflation Measures Decelerate On Dropping Gas Prices, Dollar Ticks Lower

American households slowed spending last month as falling gasoline prices helped offset an increase in services outlays – and the Federal Reserve’s preferred inflation measure rose by less than expected. Data released by the Bureau of Economic Analysis this morning showed inflation-adjusted household outlays climbing 0.2 percent in July – roughly corresponding with a previously-reported flatlining in retail sales. A $33.3 billion increase in spending on services was partly offset by a $9.6 billion drop in spending on goods, with energy costs dragging the number down. In unadjusted terms, personal income rose 0.2 percent month-over-month, led by a solid 0.8...

Read More Read More
26 Aug 2022

Market Briefing: Dollar Slips as Traders Prepare for One Last Summer Squall

Across the financial markets, traders are battening down the hatches in preparation for a stormy reaction to Federal Reserve Chair Jerome Powell’s speech in Jackson Hole later this morning. Ten-year Treasury yields are up, equity indices are returning some of yesterday’s gains. The dollar is trading on a slightly weaker footing – up against the pound and the Mexican peso, down against the euro, yen, yuan, and loonie. Traders think Powell will reiterate a data-dependent policy stance, leaving expectations for the September meeting essentially unmoved. Although the Fed chair’s thoughts on current economic conditions will be carefully analyzed, there will...

Read More Read More
25 Aug 2022

Market Briefing: Dollar Bulls Start Feeling A Little Hawkward

The greenback is retreating as bullish dollar sentiment softens ahead of tomorrow’s central bank meeting in Jackson Hole. Commodity-linked and high-beta currencies are climbing on the prospect of more stimulus from China, and the euro and pound are inching up on a broader sense of optimism – even as benchmark European energy prices break new records. Mr. Powell is expected to outline a policy path that takes rates into restrictive territory and keeps them there as the central bank responds to post-pandemic shifts in the global economy. In keeping with the academic nature of the conference, he is likely to...

Read More Read More
24 Aug 2022

Market Briefing: Slowing US Economy Weighs on Dollar

The dollar is holding steady after yesterday’s data showing a slowing in momentum across the world’s biggest economy. Business activity fell further into contractionary territory in early August, according to S&P’s composite purchasing managers index, which showed a second month of weakness in manufacturing and the all-important services sector. Data from the Census Bureau showed new-home sales falling to an annualized 511,000 in July – the lowest in six years, and well below expectations for a 575,000 gain. Federal Reserve Chair Jerome Powell is expected shrug this off in Jackson Hole on Friday, saying that the economy remains strong, with...

Read More Read More
23 Aug 2022

Market Briefing: Dollar Steamrolls Rivals Ahead of Powell Speech

Global markets are bowing before the almighty dollar once more as investors brace for Friday’s central bank conference in Jackson Hole, Wyoming. Every major US equity index ended yesterday in the red, commodities are down again, and risk-sensitive currencies are in retreat. Markets think Mr. Powell will assert the Federal Reserve’s intent to lift rates into restrictive territory – and keep them at those levels – in Friday’s speech. Terminal Fed Funds expectations have shot up from 3.25 percent in late July to 3.75 percent now, and implied rate cuts have fallen by more than a third as investors have...

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.