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CNBC: Dollar weakens after strong rally as U.S. government shutdown looms

"History would suggest that a short-lived government shutdown should have a relatively modest impact on the economy and on currency markets," said Karl Schamotta, chief market strategist, at Corpay in Toronto.

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Sep 30, 2025
News4

Recession bets rise in Canada as sticky inflation points to higher rates
Cross-Border

Recession bets rise in Canada as sticky inflation points to higher rates

"If central banks such as the Bank of Canada continue to raise rates at this pace, they risk tilting the economy into a recession and forcing themselves into an eventual embarrassing climb down," said Karl Schamotta, chief market strategist at Corpay.

'Market volatility remains relatively suppressed' in months ahead
Cross-Border

'Market volatility remains relatively suppressed' in months ahead

Karl Schamotta, chief market strategist of Corpay, joins BNN Bloomberg to discuss the U.S. and Canadian economy, the markets ahead of July's rate decision, and how the Canadian dollar compares to global currencies.

Australian Associated Press: Aust shares near three-month low as rates keep rising
Cross-Border

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.

ausbiz: Will the RBA follow the BOE's lead?
Cross-Border

ausbiz: Will the RBA follow the BOE's lead?

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.

Dollar edges down after Powell testimony
Cross-Border

Dollar edges down after Powell testimony

“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.

Loonie rises on back of U.S. dollar weakness
Cross-Border

Loonie rises on back of U.S. dollar weakness

"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.

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