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TDUX
Sep 09 - 04:55 AM

EUR/USD - Soaring Energy Prices Could Curtail EUR/USD Rally

By Jeremy Boulton  —  Sep 09 - 03:43 AM

• EUR/USD rising to highest since Aug 28 at 1.1645 on Sep 9

• Brent crude oil has risen by $11 pb since Aug 28

• Price of natural gas has increased by 19% in same period

• The eurozone imports energy which the U.S. exports

• Higher cost of energy should weigh EUR/USD

• $100 oil is a huge spanner in works of plans to strengthen the yen


EURUSD, natgas and oil


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters
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