- Analytics
- News and Tools
- Market News
- EUR/USD to fall closer to and below parity on disruptive outcome for gas supplies – MUFG
EUR/USD to fall closer to and below parity on disruptive outcome for gas supplies – MUFG
EUR/USD has been under relentless selling pressure over the past month. As economists at MUFG Bank note, downside risks from energy supply concerns remain in focus. Thus, the pair could inch lower toward parity.
Downside risks to growth for European economies posed by energy supply restrictions
“The negative potential fallout from the Ukraine conflict continues to weigh heavily on the euro. A more disruptive than expected outcome for European gas supplies would increase the likelihood of EUR/USD falling closer to and below parity in the coming months.”
“Downside risks to growth in Europe should ensure that the room for EUR/USD to continue correcting higher should prove limited for now.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
