By “Even with the windfall from higher oil prices flowing into the terms of trade, the economy needs to demonstrate that it can generate sustained, broad-based growth before the Bank of Canada can justify tightening,” said Karl Schamotta, Corpay.
Tumbling US dollar a boon to risk assets across the globe
"The dollar is plunging toward levels that prevailed before the Fed started hiking, and we're seeing risk-sensitive currencies melt up on a global basis," says Karl Schamotta, chief market strategist at Corpay.
ausbiz: Is it too soon to expect an 'immaculate disinflation'?
Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, shares his examination of the fluctuating US dollar condition, its association with the Federal Reserve's rate climb cycle, and the impacts of easing inflation.
Markets think inflation has rolled over and no further tightening is needed
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg for his view on the latest inflation print out of the U.S. Schamotta says the number provide a positive outlook on the inflation front.
Dollar skids to two-month low, pound climbs to 15-month peak on wage growth data
Market participants should remember that U.S. data releases still have the capacity to shock: if the core inflation measures surprise to the upside, front-end yields could leg higher once again, and the dollar might stage a surprising rebound.
