EUR/USD could easily dip below parity on a delay to resumption of gas supplies – Commerzbank EURUSD Gas Banks Energy
“The threat of an energy crisis in Europe is the sword of Damocles hanging above the EUR exchange rates and is putting pressure on them. Prior to an end of the pipeline maintenance work things will not improve. And any day longer than planned these take, might put additional pressure on“I don’t want to sound alarmist, but a ‘technical’ delay to the resumption of the gas supplies, with all the drama that causes: the Russian side is unlikely to resist that.
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