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EUR/USD: ECB hawks lag Fed – ING

Chris Turner at ING argues that while European Central Bank (ECB) rhetoric points to a December rate hike, markets see US tightening as more credible than in the Eurozone. Wider short-dated EUR/USD swap differentials are weighing on the pair.

EUR/USD: ECB hawks lag Fed – ING

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Asian Airlines Face a $148-a-Barrel Fuel Gamble

Asian airlines are facing expiring jet fuel hedge contracts and need to make a choice about whether to hedge at exorbitant prices or risk them going even higher without a hedge.

  • Asian airlines face $148-per-barrel fuel gamble post-hedge expiration.
  • Jet fuel costs now 33% of airlines' operating expenses, up from 25%.
  • Japan Airlines plans for worst-case scenario of $160 per barrel.

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