The EUR/USD is expected to decline closer to and below parity as a result of the disruption in gas supplies, according to MUFG.

The adverse economic effects of the Russian-Ukraine war crisis are having a heavy impact on the Euro currency. In the coming months, a more troubling but expected outcome

May 05, 2022 - 04:51 PM 258 views

The EUR/USD is expected to decline closer to and below parity as a result of the disruption in gas supplies, according t

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© The EUR/USD is expected to decline closer to and below parity as a result of the disruption in gas supplies, according t

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The adverse economic effects of the Russian-Ukraine war crisis are having a heavy impact on the Euro currency. In the coming months, a more troubling but expected outcome of the European gas supply chains may increase the likelihood of the EUR/USD currency pair falling closer to and below parity levels.

Energy supply chain limitations may pose negative risks for the European economy's growth.

The EUR/USD currency pair appears to be under constant selling pressure since last month. The economists from the MUFG bank report that the negative risks from the energy supply chain concerns are staying in focus.

 For the time being, downside risks to the European economy should limit the room for EUR/USD to continue correcting upward.

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