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

29 Jul 2024

The calm before the storm?

• Quiet start. No major data or news overnight. Major asset classes contained to recent ranges. AUD hovering near its 1-year average, NZD a bit weaker.• Busy few days. Several events looming. In the US there are a few jobs indicators due over coming days, with the US Fed also meeting.• AU CPI. Quarterly inflation due tomorrow. This is a more detailed set of figures. Consensus looking for core inflation to come in above the RBA’s forecasts. It has been a quiet start to the week, unsurprising given the lack of economic data and news. In contrast to Eurozone equities...

Read More Read More
29 Jul 2024

Currency Markets Stabilise as Traders Brace for Heavy Week

Markets are holding steady ahead of a week full of potential volatility landmines: central bankers in Tokyo, Washington and London will deliver rate decisions, four of the ‘magnificent seven’ technology companies – Amazon, Apple, Meta, and Microsoft – will release earnings, the euro area will publish an inflation update, and a critical US non-farm payrolls report will cap things off before the August doldrums set in. The dollar is edging higher, Treasury yields are slumping, and equity futures are setting up for a second day of gains after last week’s steep stock market selloff. Investors remain unwilling to take short...

Read More Read More
28 Jul 2024

Push & pull factors

• Positive tone. Improved risk sentiment. Equities rebound. Bond yields lower. Backdrop helps the AUD claw back a little lost ground.• Volatility bursts. It is a jam-packed week of events. We think more market volatility is likely as the macro cross-currents wash through.• Event radar. Q2 AU CPI due (Weds). BoJ (Weds), BoE & US Fed (both Thurs) meet. US payrolls are released (Fri), as is the China PMI & EZ CPI (Weds). After a challenging spell risk sentiment improved a bit at the end of last week. European and US equities rose on Friday with the S&P500 up over...

Read More Read More
26 Jul 2024

Unsurprising US Inflation Print Leaves Markets in Consolidation Mode

The Federal Reserve’s preferred inflation measure climbed incrementally as expected in June, leaving monetary policy expectations unchanged across the financial markets. Data released by the Bureau of Economic Analysis this morning showed the core personal consumption expenditures index rising 0.2 percent (0.182 unrounded) from the prior month, matching market forecasts for a modest acceleration from May’s 0.1-percent (0.127 unrounded) print. On a year over year basis, core price growth held at 2.6 percent, the same as in May, slightly above economist estimates.  The overall personal consumption expenditures index rose 0.1 percent relative to the prior month, up 2.5 percent from...

Read More Read More
26 Jul 2024

Fear Eases As US Economy Accelerates

A safe-haven bid in foreign exchange markets appears to be fading this morning, with the Japanese yen and Swiss franc losing altitude as downward pressure on risk-sensitive asset classes begins to ease. The dollar’s gains are slowing, Treasury yields are holding steady, and equity futures are setting up for a positive open after a paroxysm of selling saw major indices suffer their biggest losses in more than two years during Wednesday’s session. High-yielding currencies are climbing as carry trade flows hesitantly return, and risk proxies — like the Canadian and Australian dollars — are advancing on a generalised basis. Yesterday’s...

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.