Global Markets Daily: The Evolving FX Response to the Energy Shock The Evolving FX Response to the Energy Shock The FX Reaction Remains Largely Consistent with Moves in Energy and Risk European macro markets have been front-and-centre in the fallout from the unfolding energy price shock. Last week we carried out a series of benchmarking exercises for the initial reaction in European crosses, including to the historical sensitivities of those crosses to shifts in gas and equity prices. We found that while a ...

South Africa’s current-account deficit unexpectedly narrowed in the third quarter, reflecting an improvement in the nation’s terms of trade https://t.co/7KuHXeEdIr ...