Three questions for markets, two months into the crisis
With disruptions to global energy markets now having lasted two months this Update asks, and answers, three key questions about how financial markets have fared so far. First, why have equities recovered (in aggregate), even with oil prices and uncertainty still high? Second, why haven’t bonds? Third, why has the US dollar fared so well against both the “commodity currencies” and the other “safe havens”?
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