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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.”

Read the article here.

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.

Read the article here.

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.

Impact of Fed Powell’s speech on the AUD/USD

Published on ausbiz August 27, 2020

Craig Killaby from Cambridge Global Payments takes Ausbiz through the moves of the AUD prior to the Fed Chair’s speech, saying the market anticipates the Fed to change strategy on monetary policy and inflation.

Watch the video here.

Dollar rises, euro falls as global turbulence grows

Published on Reuters August 21, 2020

“Clearly the PMI numbers this morning suggest that Europe is losing a little momentum here and that we’re seeing some turbulence in other areas of the global economy. So that is weighing on the performance gap between the U.S. and its major counterparts,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments.

Read the article here.

Why the dollar matters

Published on AXIOS August 20, 2020

“By issuing the world’s reserve currency, the United States has acquired an ‘exorbitant privilege’ — it can rely upon practically unlimited demand for its debt and borrow in global markets without fearing an exchange rate shock,” Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, tells Axios.

Read the article here.

Markets will welcome Finance Minister Freeland as she is committed to supporting the middle class: Strategist

Published on BNN Bloomberg August 18, 2020

Karl Schamotta, Chief Market Strategist, Cambridge Global Payments, joined BNN Bloomberg to discuss his outlook on the markets as well as the implications of Chrystia Freeland as the new finance minster.

Watch the video here.

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Market Strategists

Craig Killaby

Corporate FX Dealer

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Matt Eidinger

Fintech Specialist, Dealing Operations

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Don Curren

Content Editor

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Sean Coakley

Regional Account Manager, Canada

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Richard Breen

Head of Treasury and Trading, APAC

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Stephen Casey

Regional Director, Risk Management Solutions

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Karl Schamotta

Chief Market Strategist, North America

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Mark Frey

President

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