Falling value of the euro on concerns about energy prices

According to the report of the International Economic Group of Fars News Agency, quoted by Reuters, the value of the euro today reached the lowest level in the last two decades, as concerns about the increase in energy prices and the possibility of shortages have cast a long shadow over the continent’s economy.

Meanwhile, the demand for safe assets such as the dollar has reached the highest level in the last 20 years.

Equinor announced today that it is expected that all oil and gas fields affected by the Norwegian oil sector strike will be fully operational in the next few days. they return.

At the same time, the bank Goldman Sax also increased his forecasts for gas prices and announced that the full resumption of Russian gas flow through the Nord Stream pipeline is another possibility.the most It is not a scenario.

Analysts expect a quick rise in oil prices, as little supply continues.

Moritz PaisenThe market analyst said: “The only threat of not sending gas has not affected the value of the euro; The high cost of energy is also a burden now. “Energy costs in Europe are several times higher than in America.”

The euro fell 0.7 percent to 1.0186 against the dollar, the first time it has fallen below 1.02 since December 2002.

According to the estimates of the European Union Statistical Office Eurostat Euro zone consumers cut spending on food, drink and tobacco for the second month in a row amid rising prices, data released Wednesday showed.

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