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Media Coverage

‘Master of narrative’ Trump tells voters his story about the U.S. economy

Published on CBC February 5, 2020

“A number of [Trump’s] real swing states that came into supporting him have actually taken more damage than other parts of the American economy,” said Karl Schamotta, chief market strategist with Cambridge Global Payments, a Toronto-based provider of cross-border payment services and currency management solutions.

Read the full article here.

Stocks jump as China markets reopen, dollar gains

Published on Reuters February 3, 2020

Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, said traders were bargain-hunting in anticipation of stimulus from the Chinese government. “Traders are looking for value where they can,” he said.

Read the article here.

Yen, Swiss franc fall as China takes measures to ease virus impact

Published on Reuters February 3, 2020

“Traders are looking for value where they can,” said Karl Schamotta, chief market strategist, at Cambridge Global Payments, in Toronto. “A large part of what we’re seeing in the market today is bargain-hunting in anticipation of a return to stimulus from the Chinese government.”

Read the full article here.

Weak U.S. data ends the dollar’s safe-haven rally

Published on January 31, 2020

“The only reason that GDP perhaps looked relatively healthy was because of something that’s actually quite poisonous for the U.S. economy: a slump in domestic demand and a sharp but unsustainable rise in exports. That’s not something that is attractive to the forward-looking participants that make up the foreign exchange market,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the full article here.

Canadian dollar sinks to 7-week low as virus threat weighs

Published on Financial Post January 30, 2020

“Coronavirus fears that had flared up yesterday morning and had faded out by yesterday afternoon, had returned overnight to pummel the economically-sensitive currencies in the commodity block and in the emerging markets,” said Karl Schamotta, chief market strategist at Cambridge Global Payments, to the Financial Post.

Dollar, stocks slide on renewed Middle East tensions

Published on Reuters January 13, 2020

The dollar fell and global equity markets retreated from fresh highs on Friday, as signs of renewed U.S.-Iranian tensions scuttled a rally triggered by a U.S. labor report showing a strong economy despite slowing job growth in December.

Read Karl Schamotta’s comments here.

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