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Dec 23 - 05:55 AM

EUR/USD - Rocketing Natural Gas Prices Weighing EUR/USD

By Jeremy Boulton  —  Dec 23 - 04:25 AM
  • Natural gas jumps toward $4 from multi-year low near $1.5 in April

  • Price has almost doubled in past four months

  • Eurozone is a big importer of gas, U.S. major exporter

  • Surge in gas prices after Ukraine invaded helped drive EUR/USD much lower

  • Eurozone c/a flipped from huge surplus to a deficit when gas soared

  • Rising dollar will influence Federal Reserve nL1N3NO053

Source:
London Stock Exchange Group | Thomson Reuters

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