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Dollar rises to record highs as businesses prepare for coronavirus disaster

Published on AXIOS March 19, 2020

“We’re seeing a global liquidity squeeze, with every major government, business and financial institution poised to borrow unprecedented amounts in the world’s deepest funding markets — American markets,” Karl Schamotta, chief market strategist at Cambridge Global Payments, tells Axios.

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Fight against global recession reaches new level of urgency on coronavirus

Published on Financial Post March 16, 2020

“The Fed’s measures reinforce the fact that the coronavirus’s threat to the global economy is potentially of unprecedented magnitude,” says Don Curren, market strategist at Cambridge Global Payments.

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RPT-ANALYSIS-Dollar’s rally sputters as investors eye more Fed cuts

Published on CNBC March 5, 2020

“We have very, very strong safe-haven flows helping to stabilize the trade-weighted dollar on a global basis,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

“What we could be looking at is a multi-stage cycle here where the dollar falls a bit but eventually recovers as the spread of coronavirus continues to impact economies elsewhere,” he said.

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Dollar recovers after Fed rate cut hit

Published on Reuters March 4, 2020

“The Fed still has more room to cut than other major central banks,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. “What that means in functional terms is that the dollar’s downside is a little bit larger.”

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Commodity-linked loonie slides to 9-month low on coronavirus panic

Published on Financial Post March 2, 2020

“The bears have come out of hibernation and are rampaging through the currency markets at the moment and certainly taking

a negative view on the outlook for the Canadian economy,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the article here.