Corpay Cross-Border Solutions

We are thrilled to announce that we have been named International Payments Supplier of the Year 2024 at this year's Global Payroll Association (GPA) Awards. 🏆 Congratulations to all the finalists and winners! #GPAAwards #GlobalPayrollAssociation #GPA #GlobalPayroll #RewardandCelebrate

"Mixed markets. Equities push higher with long-end yields a bit lower. USD consolidates. AUD treading water near the top of its multi-month range." Read more from Peter Dragicevich: https://lnkd.in/gvctQ-wd

Have you registered for our upcoming webcast "Helping NGOs streamline and simplify global disbursements"? Are you an NGO looking for security and convenience in payment processing? NGOs often acquire their grantees’ banking information through traditional but potentially unsecure channels like email and phone. Further, the process of collecting and verifying the banking information of beneficiaries can be cumbersome and time-consuming. At Corpay, it’s our mission to help equip NGOs doing critical work around the globe with dynamic and responsive payment solutions. Join two of our experts, Casey Rollins and Pradeep K Chandra Chandra, as they discuss how you could make global disbursements faster and easier. Register here: https://lnkd.in/gnR8cAsR

Mid-Ohio ✔️✔️✔️ Our USF2000 drivers, Joey Brienza and Giovanni Cabrera, capped off our weekend strong, both moving forward in their final race of the weekend. Just a little over a week and then it’s to the streets of Toronto! 🇨🇦 #USFPro // #EhTeam // #CorpayFX // Corpay Cross-Border Solutions // Huntsman Mental Health Foundation // Michael Duncalfe // Joey Brienza II // Giovanni Cabrera

“Powell took a relatively cautious approach,” said Karl Schamotta , chief market strategist at Corpay in Toronto. “But there were enough dovish hints within his narrative to help risk appetite improve in markets.” “The idea that the labor market is no longer generating the inflation pressure that the U.S. economy was struggling with, and that the Fed was trying to counteract, is helping to reduce the likelihood of further rate hikes and also put a September rate cut more firmly on the table”. Reuters: Dollar dips as Fed's Powell set to testify for second day https://lnkd.in/gPKExtx4

Federal Reserve chair Jerome Powell was disappointingly non-committal on the likelihood of a September rate cut in yesterday’s appearance before the Senate Banking Committee, explicitly saying “I’m not going to be sending any signals about the timing of future actions”. The Fed Funds futures curve remained essentially unchanged, with two moves priced in this year, and roughly four expected by June 2025. More from Karl Schamotta: https://hubs.ly/Q02G0kQJ0

"No change in policy from the RBNZ at today’s meeting, as widely expected. And given this was an interim review meeting, not a full forecast update, there was another fairly short post meeting statement." Read more from Peter Dragicevich: https://lnkd.in/gRsFV3AA

"Consolidation. US stocks & yields range bound. USD index a touch firmer, but AUD holds its ground thanks to some outperformance on the crosses." Read more from Peter Dragicevich: https://lnkd.in/gW-zs4x7

In this morning’s Congressional testimony, Federal Reserve chair Jerome Powell avoided clearly telegraphing a September rate cut, instead maintaining the nuanced stance that has characterised his comments over the last month. According to remarks prepared for the Semiannual Monetary Policy Report, released shortly before the live appearance, Powell underlined a growing focus on both sides of the central bank’s dual mandate, saying “the risks to achieving our employment and inflation goals are coming into better balance”. More from Karl Schamotta: https://hubs.ly/Q02FQwBY0