The empirical relationship between energy futures prices and exchange rates 

 -  Energy Economics, 22(2), p.253-266, 2000 .
<br/><br/> This paper investigates the interaction between energy futures prices and exchange rates. Results are presented to show that futures prices for crude oil, heating oil and unleaded gasoline are co-integrated with a trade-weighted index of exchange rates. This is important because it means that there exists a long-run equilibrium relationship between these four variables. Granger causality results for both the long- and short-run are presented. Evidence is also presented that suggests exchange rates transmit exogenous shocks to energy futures prices. 
<br/><br/><label>Subjects--Topical Terms: </label><br/>CO-INTEGRATION<br/>ENERGY FUTURES PRICES<br/>GRANGER CAUSAL RELATIONS