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CNBC: Dollar eases as markets await Fed decision

"Traders are taking steps to preserve liquidity and adding to dollar longs ahead of tomorrow's decision," ‌said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions in Toronto.

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By Cross-Border
Jul 28, 2026
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U.S. dollar slips with traders cautious before Fed's Jackson Hole symposium
Cross-Border

U.S. dollar slips with traders cautious before Fed's Jackson Hole symposium

“Lagarde's speech might actually be more of a market mover than Powell's. If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."

CANADA FX DEBT-C$ weakens for 5th week as global borrowing costs rise
Cross-Border

CANADA FX DEBT-C$ weakens for 5th week as global borrowing costs rise

“We’re increasingly skeptical the Canadian economy will prove able to weather the rise in global borrowing costs that is currently unfolding, and now expect strain to emerge in a more profound way within months.”

Dollar drops after U.S. inflation data, jobless claims
Cross-Border

Dollar drops after U.S. inflation data, jobless claims

“Markets are doubling down on ‘soft landing’ bets this morning after U.S. consumer inflation slowed as expected, reducing the need for further monetary tightening from the Federal Reserve,” wrote Karl Schamotta.

ausbiz: RBA says inflation will back to target in 2025
Cross-Border

ausbiz: RBA says inflation will back to target in 2025

Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, paints a picture of the current economic landscape.

The Sydney Morning Herald: ‘Risk-free’ asset takes a hit as US downgrade dents confidence
Cross-Border

The Sydney Morning Herald: ‘Risk-free’ asset takes a hit as US downgrade dents confidence

Currency strategist at foreign exchange provider Corpay Peter Dragicevich said the downgrade had probably compounded pressure on the Aussie dollar after Tuesday’s Reserve Bank decision to keep the cash rate on hold.

Financials, tech boost Toronto stocks on hopes of end to Fed rate hikes
Cross-Border

Financials, tech boost Toronto stocks on hopes of end to Fed rate hikes

"Markets are anticipating an end to the global tightening cycle within months. Ultimately this is a relief to markets," Karl Schamotta, chief market strategist at Corpay.

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