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Global

Markets
Economics

Global

Spot Performance

Gain (+) or loss (-) against USD, year to date, %, updates daily

Represents the percentage change, along with the minimum and maximum change in the nominal exchange rate relative to the US dollar year to date.

Global

DXY-Weighted Yield Differential

Foreign-US 10-year government bond yield differentials, %

Represents the difference between the 10-year US Treasury yield and a weighted basket of 10-year yields for the Euro Area, Japan, the UK, Canada, Sweden, and Switzerland. Positive values indicate higher yields in US dollars relative to other currencies, while negative values imply the opposite.

Global

Currency Volatility

Realized 3-month historical G7 currency volatility v. implied volatility, 3-month ATM options, updates weekly

Represents realized volatility - the scale and frequency of moves over the prior three months - and implied volatility - the market’s expectations of moves over the next three months. Realized volatility is measured using the annualized standard deviation of daily returns over a three-month rolling time horizon, and implied volatility is derived from at-the-money three-month currency options.

Global

Equity Volatility

VIX Volatility Index, NSA, adjusted for breaks, updates daily

The VIX Volatility Index is a measure of the stock market's expectation of volatility based on S&P 500 index options. It does not directly measure volatility in currency markets, but large movements in global foreign exchange rates are often associated with spikes in the VIX.

Global

Speculative Positioning

Net long (+) or short (-) futures position held by large speculators, billions US dollars, updates weekly

The Commodity Futures Trading Commission's weekly Commitments of Traders report provides a breakdown of the net positions for "non-commercial" (speculative) traders in US futures markets. Market participants follow the data to identify extreme long or short positions in a currency - something that can signal a trend reversal.

Global

Turnover by Currency

"Net-Net" basis, April 2022 daily averages, billions USD

Turnover by Currency measures the USD-equivalent value of spot contracts executed on a global basis during an average trading day. Figures on a "net-net" basis are corrected for local and cross-border inter-dealer double-counting.

Global

Turnover by Instrument

"Net-Net" basis, April 2022 daily averages, billions USD

Turnover by Instrument measures the USD-equivalent value of spot transactions, outright forwards, foreign exchange and currency swaps, options non-deliverable forwards, and other contracts executed on a global basis during an average trading day. Figures on a "net-net" basis are corrected for local and cross-border inter-dealer double-counting. 

Latest Analysis

All Commentary

Latest Analysis

Rising Unemployment Hits Both US and Canadian Dollars
06 December, 2024
The US job creation engine came back to life in November after October’s strike- and hurricane-related slowdown, but the rebound likely wasn’t strong enough to derail the Federal Reserve’s easing plans....
US jobs report in focus
05 December, 2024
• Marking time. Markets essentially in a holding pattern ahead of tonight’s US jobs report. Easing French political concerns support EUR.• US jobs. Non-farm payrolls in focus. Reaction likely to...
Subpar growth weighs on the AUD
04 December, 2024
• Positive vibes. Equities power ahead. USD treads water. AUD underperforms. US data solid but not spectacular overnight.• AUD tumbles. Weaker than expected GDP weighs on AUD. Growth has slowed across...
Markets Steady After South Korean Shock
04 December, 2024
The dollar is pushing higher, Treasury yields are steadying, and equity futures are advancing as the French government moves closer to collapse and Federal Reserve chair Jerome Powell prepares to deliver...
AUD: Temporary GDP hammer blow?
04 December, 2024
The now dated Q3 Australian GDP has exerted downward pressure on the AUD (now ~$0.6415) with the already sluggish underlying growth picture undershooting analysts forecasts. This won’t surprise businesses...
Markets calm despite political turbulence
03 December, 2024
• Political news. Political developments in South Korea & ongoing issues in France dominated the international news flow the past 24hrs.• Calm markets. However, market spillovers were limited. European...
Dollar Rally Eases on Waller Comments, Euro Remains Under Pressure
03 December, 2024
The dollar is trading with a softer bias this morning after Federal Reserve Governor Waller suggested that he would support cutting rates at the central bank’s next meeting, helping put pressure on the...
French politics rattles FX markets
02 December, 2024
• Mixed markets. Equities push higher while French political issues weighed on the EUR. This supported the USD. AUD & NZD lost ground.• US data. ISM manufacturing better than expected. US job openings...
Dollar Rallies Back, Euro Tumbles
02 December, 2024
The ‘US exceptionalism’ theme is back to driving markets this morning, helping the dollar snap a three-day losing streak against most of its rivals. The euro is coming under pressure as the French government...
US jobs in the spotlight this week
01 December, 2024
• Positive tone. A solid end to November with US & European equities rising. Bond yields dipped. AUD & NZD edged a bit higher.• JPY revival. JPY rebound has weighed on USD/JPY & the USD. Narrowing...

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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.