The euro will stay under pressure due to fears of a eurozone energy crisis, according to Commerzbank

Despite the war, the gas pipelines are still working and shipping the Russian fuel via Ukraine through Central and Western Europe. But that may change right now. However, the euro currency seems to carry on under pressure amid potential energy concer

May 11, 2022 - 02:32 PM 260 views

The euro will stay under pressure due to fears of a eurozone energy crisis, according to Commerzbank

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© The euro will stay under pressure due to fears of a eurozone energy crisis, according to Commerzbank

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Despite the war, the gas pipelines are still working and shipping the Russian fuel via Ukraine through Central and Western Europe. But that may change right now. However, the euro currency seems to carry on under pressure amid potential energy concerns.

Possibilities of a potential energy concern in the eurozone are viable.

The doubt rises when Russia wants to emphasize the threats to the fuel supply to Europe more. However, none of these are critical, but they keep the possibility of potential energy concerns alive.

By watching these circumstances, it can be predicted that the risk premium for an energy concern in the euro zone is at present putting heavy pressure on the EUR exchange rates.

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