Falls in the crude complex have been one of the key macro issues which traders, economists, investors and strategists alike have had to adjust to. Along with the falls in US bond yields, the falls in energy prices have been the financial markets' story of the year, with central banks having to adjust policy as a result of falling inflation expectations. The falls in energy have also had mixed ramifications for corporations, although consumers should benefit from cheaper gasoline. The falls in energy prices have had also had massive impact on currencies that are strongly related to oil exports, such as the Norwegian krone and Canadian dollar. Both currencies have been sold off aggressively against the USD of late, although the krone has fared much worse. How much lower can prices in US light crude and Brent go? (VIEW LINK)
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