Oil getting absolutely destroyed rn
This is gonna ripple through everything - inflation expectations, fed policy, currency flows. When energy craters like this it's not just about gas prices at the pump.
Watch how this hits emerging market currencies especially. Oil exporters are gonna feel pain, which means their currencies take a beating, which circles back to dollar strength.
Also means lower input costs across the board eventually. But the transition period? Messy af. Supply chains repricing, hedges getting blown up, energy sector credit spreads widening.
Anyone tracking $USD pairs closely? This kind of move changes the whole macro picture for Q2
This is gonna ripple through everything - inflation expectations, fed policy, currency flows. When energy craters like this it's not just about gas prices at the pump.
Watch how this hits emerging market currencies especially. Oil exporters are gonna feel pain, which means their currencies take a beating, which circles back to dollar strength.
Also means lower input costs across the board eventually. But the transition period? Messy af. Supply chains repricing, hedges getting blown up, energy sector credit spreads widening.
Anyone tracking $USD pairs closely? This kind of move changes the whole macro picture for Q2