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The Merits of Local Currency Accounts

Local currency accounts can offer businesses greater control, improved efficiency, and stronger global relationships—but there are also operational and regulatory considerations. Whatever your global business, choosing the right partner is essential.

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By Cross-Border
Apr 14, 2025
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US dollar trades in the doldrums as rates and data weigh on outlook

US dollar trades in the doldrums as rates and data weigh on outlook

"We’re at the bottom of the (dollar) smile right now. Global expected growth differentials have narrowed. The US has lost momentum, but it is still doing relatively well,”

C$ hits 12-day high as Fed opts for supersized rate cut

C$ hits 12-day high as Fed opts for supersized rate cut

"Initial price action in financial markets is consistent with a relatively dovish interpretation of the Fed's likely policy path,"

Bank of Canada shelves idea for digital Loonie

Bank of Canada shelves idea for digital Loonie

"One of the things that this cryptocurrency revolution has brought to the forefront is that we need to do more innovation,"

FX Budget Rates: Potential Factors to Consider
Cross-BorderGlobal paymentsRisk management

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.

FX Budget Rates: Understanding the Basics
Cross-BorderGlobal paymentsRisk management

FX Budget Rates: Understanding the Basics

FX budget rates are a fundamental aspect of financial planning for multinational corporations and businesses engaged in cross-border transactions. Let’s run through the basics, what they are, and why they are important.

Setting FX Budget Rates: Common Pitfalls to Avoid
Cross-BorderGlobal paymentsRisk management

Setting FX Budget Rates: Common Pitfalls to Avoid

As with any process, there are often mistakes that practitioners might make in setting budget rates. Here we outline some common mistakes, and how to avoid them.

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