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.
C$ posts weekly decline as investors eye higher U.S. rates
“The Canadian dollar continues to suffer collateral damage as U.S. rate expectations revert back toward pre-banking panic levels,” said Karl Schamotta, chief market strategist at Corpay.
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, says, "It ought to be a "mechanical process", however, the increasingly fraught nature of US politics means the chance of default is higher."
Australian Fintech: What might the next financial year hold for Australian companies managing risk?
What might the next financial year hold for Australian companies managing risk? Read the Australian FinTech article by Peter Dragicevich, Currency Strategist for the APAC market, for Corpay Cross-Border Solutions.
Business Daily Media: What might the next financial year hold for Australian companies managing risk?
Peter Dragicevich, Corpay Cross-Border Solutions’ currency strategist (APAC) market, shared with Business Daily Media what will affect businesses in the next financial year, how organisations planning for the short-, medium- and long-term may be impacted.
US Credit Default Swaps Flash Default Warning and Speculators Rush In
"The instruments are ... unusually attractive to buyers because the cost of the bonds that would be delivered into a default-triggered settlement auction have plunged in value over the last year," said Karl Schamotta, chief market strategist at Corpay.
