between S60/bbl and $70/bbl depending on the severity of the recession (Oil Market Monthly: Sweet Sixteen. Sour Seventeen, Fenton et al., Jul 9). Weekly FX returns % vs. the USD. 0.8% 0.6% - 0.0% 0.2% 0.0% -0.2% - -0.4% 8.6% - -0.8% - -1.0% USD JPY EUR G8P CHF CAD AUD TWI Scone: Noonan .J.P.M