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Reuters: Dollar drops as Powell signals possible September rate cut

Karl Schamotta, chief market strategist at Corpay in Toronto, said Powell's message was far more dovish than markets had anticipated.

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Aug 22, 2025
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Corpay and Phonexa Announce Partnership to Make Global Commission Payments Safe and Simple for Affiliate Marketing Industry
Cross-BorderGlobal payments

Corpay and Phonexa Announce Partnership to Make Global Commission Payments Safe and Simple for Affiliate Marketing Industry

Corpay, a FLEETCOR® (NYSE: FLT) brand and global leader in business payments, is pleased to announce that Corpay's Cross-Border business has entered into a partnership with Phonexa.

Corpay Named “Best B2B Payments Company” in 2023 FinTech Breakthrough Awards Program
Cross-BorderGlobal paymentsRisk management

Corpay Named “Best B2B Payments Company” in 2023 FinTech Breakthrough Awards Program

Prestigious International Awards Program Recognizes Outstanding Financial Technology Products And Companies

Reactions: SVB-focused Fed hikes rates 25 bp, suggests one more on horizon
Cross-Border

Reactions: SVB-focused Fed hikes rates 25 bp, suggests one more on horizon

“I think the Fed did take the path of least resistance here, hiking but also providing a relatively dovish outlook on rates over the year ahead. That essentially gives markets what they were looking for.”

Federal Reserve decision LIVE: Banking system is 'sound and resilient'
Cross-Border

Federal Reserve decision LIVE: Banking system is 'sound and resilient'

“If recent history is any indication, the market response could flip between the statement release and the press conference, with reversals likely to occur throughout the question-and-answer period,” said Karl Schamotta.

Banks are in turmoil. Here's how Canadians might be affected
Cross-Border

Banks are in turmoil. Here's how Canadians might be affected

"Things are far more regulated today," Schamotta said, though there are concerns about a slowdown in economic growth.

The West Australia: Australian shares bounce back in broad relief rally
Cross-Border

The West Australia: Australian shares bounce back in broad relief rally

In the wake of ongoing volatility, the local Australian market staged a relief rally after days of heavy losses. Corpay Cross-Border Solution's APAC currency strategist, Peter Dragicevich, weighs in on the development and shares his expert insights.

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