EUR/USD to fall closer to and below parity on disruptive outcome for gas supplies – MUFG EURUSD RussianFederation Energy Ukraine Banks
has been under relentless selling pressure over the past month. As economists at MUFG Bank note, downside risks from energy supply concerns remain in focus. Thus, the pair could inch lower toward parity.“The negative potential fallout from the Ukraine conflict continues to weigh heavily on the euro. A more disruptive than expected outcome for European gas supplies would increase the likelihood of EUR/USD falling closer to and below parity in the coming months.
“Downside risks to growth in Europe should ensure that the room for EUR/USD to continue correcting higher should prove limited for now.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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