May 05, 2022 - 04:51 PM 258 views
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
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.