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Yen plunges to five-year low as Japan import costs surge

Yen plunges to five-year low as Japan import costs surge

Oil Shock Spreads as Traders Anticipate Era of Costly Energy

(Bloomberg) The shock of surging oil prices cascaded through financial markets Monday as investors sought to price in the impact of a potentially prolonged period of higher global energy costs.

European currencies crumble with ruble on oil embargo threat

European currencies are plunging to new lows as the war in Ukraine escalates, spurring macro traders to sell some of their most liquid assets. The euro fell below parity against the haven Swiss franc in Asia trading on Monday, the first time it’s tumbled to that level since January 2015…

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