FX in Focus | EP43

Capitulation: A Q3 Currency Market Outlook

CalendarJuly 13, 2023

Unemployment is holding near historic lows in most developed economies. Consumers are still spending. Growth rates remain largely positive. Asset prices are back to post pandemic highs even after one of the fastest monetary tightening cycles on record. And over the last month, markets seem to have capitulated, suddenly coming to grips with the idea that the economy might be all right, after all.

But inflation rates remain above target and a range of recessionary indicators are flashing more ever more insistently - raising the likelihood of a broader economic slowdown and a reset in currency markets in months to come.

So… what can businesses operating internationally expect in the coming quarter?

Tune in to our July 11th podcast episode to find out!

Note: The opinions expressed on FX in Focus News & Views are those of the speakers only, and do not necessarily reflect the views of Corpay or FLEETCOR Technologies Inc. 

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