The EUR/USD held steady even as an energy crisis in the European Union continued.
Enter your emailThe pair will likely remain inside this channel today as investors wait for the first NFP data of the year.Timeline: 1-2 days.held steady even as an energy crisis in the European Union continued.
The surge in gas prices is mostly because of Russia, which has lowered the amount of gas that it ships in the European Union. Gas flows between Russia and Ukraine have been below normal this week. As a result, many power companies in Europe are struggling. On Wednesday, RWE, a leading German energy producer said that it had been affected by the volatility. Uniper managed to raise $11.3 billion from its parent company.
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