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Reuters: Dollar eases as US inflation data keeps September rate cut on table

"Yield differentials are narrowing against the dollar across the policy-sensitive end of the curve, and the greenback is coming under sustained selling pressure against its advanced-economy rivals," said Corpay’s Karl Schamotta

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Aug 12, 2025
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Canadian dollar hasn't gone up with oil prices like it usually does, complicating the Bank of Canada's inflation fight
Cross-Border

Canadian dollar hasn't gone up with oil prices like it usually does, complicating the Bank of Canada's inflation fight

“The dollar is crushing every major currency in its path,” says Karl Schamotta, chief market strategist at Corpay.

What economists are saying about Bank of Canada's steep rate increase
Cross-Border

What economists are saying about Bank of Canada's steep rate increase

“Fear of an unmooring in inflation expectations was evident throughout the release", says Karl Schamotta, chief market strategist at Corpay.

Canada jobless rate drops to a record low of 4.9%
Cross-Border

Canada jobless rate drops to a record low of 4.9%

“With inflation pressures remaining elevated and the economy growing, the Bank of Canada remains highly likely to raise rates by 75 basis points next week”, says Karl Schamotta, Chief Market Strategist at Corpay

How the recent federal election will impact the Aussie dollar and local business
Cross-Border

How the recent federal election will impact the Aussie dollar and local business

Read the article David Britten wrote for RetailBiz

Corpay Cross-Border Announces a New Collaboration with Triterras
Cross-BorderGlobal paymentsRisk management

Corpay Cross-Border Announces a New Collaboration with Triterras

Provides Triterras and Kratos platform members access to cross-border payments and foreign currency exchange solutions

U.S. dollar slides as markets re-evaluate Fed rate path
Cross-Border

U.S. dollar slides as markets re-evaluate Fed rate path

"Falling commodity prices could help pull headline inflation prints downward - particularly into the autumn months - reducing the need for aggressive monetary tightening," said Karl Schamotta, chief market strategist at payments company Corpay in Toronto.

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