ANALYSIS-Dollar's surge spurs currency hedging by U.S. companies
“Corporates have been spurred into action by the dollar’s untrammeled rise - and by the breaking of psychological barriers in most major exchange rates,” said Karl Schamotta, chief market strategist at business payments company Corpay.
As the world continues to recover from COVID-19, more disruption may be on the horizon as the effects of geopolitical conflicts ripple around the globe.
Canadian dollar gains as BoC sends hawkish signal on rates
"The loonie is getting squeezed higher by more hawkish guidance from the Bank of Canada and by modest softening in the (U.S.) dollar," said Karl Schamotta, chief market strategist at Corpay.
