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CANADA FX DEBT-C$ hits 6-week low as COVID-19 sparks ‘tsunami of risk aversion’

Published on Reuters September 23, 2020

“A second wave of coronavirus infections in a number of major economies has unleashed a tsunami of risk aversion,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “Traders are selling economically sensitive currencies like the Canadian dollar.”

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Yen gains as weak U.S. data, economic uncertainty dim outlook

Published on Reuters September 17, 2020

“Taken together, this morning’s data releases suggest that – despite positive momentum – there is a long way to go until pre-pandemic levels of activity are achieved,” said Matthew Eidinger, market strategist, at Cambridge Global Payments.

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Pound sinks on Brexit uncertainty

Published on ausbiz September 10, 2020

Craig Killaby from Cambridge Global Payments takes Ausbiz through the days currency plays.

Watch the video here.

‘We’re not in a position to move away’ from the U.S. dollar anytime soon: FX strategist

Published on BNN Bloomberg September 2, 2020

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to discuss the weakness in the U.S. dollar amid the COVID-19 pandemic and what it means for the future of commodity prices.

Watch the video here.

Dollar extends gains, euro backtracks from key $1.20 level

Published on Reuters September 2, 2020

“Clearly there’s lots of momentum behind the euro’s rise with heavy speculative positioning pushing it up and lots of real money flows in its favor. But Philip Lane’s comments yesterday suggesting that we could see more jawboning from the ECB in the months ahead definitely helped kick that momentum back substantially against the dollar,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the article here.

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