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.
Australian Associated Press: Aust shares near three-month low as rates keep rising
Corpay Cross-Border Solution's Currency Strategist for the APAC market, Peter Dragicevich, shared that risk markets were under pressure at the end of last week as global recession concerns rattled nerves.
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, delves into the unexpected 50 basis point increase by the Bank of England and its consequences for other central banks.
“Looks as if Powell failed to out-hawk markets that were braced for a more explicit ratification of the median projection in the latest dot plot summary of economic projections,” said Karl Schamotta.
"The Canadian dollar could push back through the 77-cent mark," Karl Schamotta, chief market strategist at Corpay, told BNN Bloomberg in an email on Friday.
ausbiz: Why the Aussie dollar is likely to remain under pressure
In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, talks through why the Aussie dollar is under pressure and likely to remain so.
Small Business Connections: Navigating Australia’s uncertain economic landscape in 2023
Corpay Cross-Border Solutions' Currency Strategist for the APAC market, Peter Dragicevich, shared his insights on how to build financial resilience and adaptability in times of economic downturn.
