So how cheap is oil in Euro and Yen terms when compared to US Dollar and the Sterling (GBP). The above graph (courtesy of Nauman Khan at InvestBank) shows the relative impact of the US dollar depreciation against the three major currencies across a 10 year period starting January 2000 and ending December 2009. At…Read more
March 11, 2010
The oil less recovery and China inflation fears
Two items that need special mention today: There has been a fair bit of coverage on the oil less recovery in OECD, especially North America and Western Europe. That talk has been counterbalanced by the belief that the slack in demand in North America would be balanced by the growth in demand in APAC and…Read more