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FX Budget Rates: Potential Factors to Consider

We’ve discussed the basics of FX budget rates. Here are several key factors that influence these rates, and how companies can set them effectively.

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By Cross-Border
Sep 18, 2024
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CBC: What would a trade war actually look like?

CBC: What would a trade war actually look like?

Corpay chief market strategist Karl Schamotta calls the Smoot-Hawley Tariff Act “one of the worst self-inflicted economic wounds in U.S. history”.

BNN Bloomberg: Economic outlook amid Trumps tariffs risks

BNN Bloomberg: Economic outlook amid Trumps tariffs risks

Karl Schamotta, chief market strategist with Corpay, talks about the economic perspective amid potential risks posed by Trump's tariffs.

Australian Financial Review: Here’s what the RBA might do after RBNZ’s latest cut

Australian Financial Review: Here’s what the RBA might do after RBNZ’s latest cut

“The gap should continue to widen with the RBNZ set to deliver greater interest rate relief over 2025,” said Peter Dragicevich, a currency strategist at business payments company Corpay.

Financial Post: Loonie watch: ‘Nothing but dead air’ stopping the Canadian dollar from hitting 68 cents U.S., says Rosenberg

Financial Post: Loonie watch: ‘Nothing but dead air’ stopping the Canadian dollar from hitting 68 cents U.S., says Rosenberg

“We suspect these moves will ultimately look overdone, with the cold commercial logic of international trade and domestic price pressures prevailing in reducing the tariff burden that actually reaches implementation,”

Reuters: Companies bolster currency hedging strategies as Trump plans tariffs

Reuters: Companies bolster currency hedging strategies as Trump plans tariffs

“The election is a big catalyst for hedgers to think about currency risk," said Karl Schamotta, chief market strategist at payments company Corpay in Toronto.

Bloomberg: Trump’s Tariff Threats Propel Dollar as Traders Brace for Swings

Bloomberg: Trump’s Tariff Threats Propel Dollar as Traders Brace for Swings

“We’re seeing the use of economic warfare instruments to achieve geopolitical goals,” said Karl Schamotta, chief market strategist at Corpay in Toronto.

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