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Will the Natural Gas Spike Make the Euro Fall?
From the original
The lesson from 2022 is that this spike in natural gas is too small to pull the Euro down
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4 itemsEUR/USD Outlook: Why European Gas Prices Could Become the Euro’s Biggest Driver - Yahoo Finance
ING THINK
Webinar: What if… Oil surges back to $120/bbl?
Per the full note [source], ING's 'What if' webinar series kicks off with a scenario where oil surges back to $120/bbl, driven by renewed US-Iran tensions and a Strait of Hormuz blockade. The desk argues such a spike would severely test European growth and the ECB's hiking cycle, with natural gas prices compounding the pain. No consensus target for EUR/USD is available from our internal coverage, but the implicit risk is a sharp euro selloff if energy costs crush the eurozone economy. The calendar lacks high-impact events in the next 30 days, meaning oil and gas prices themselves become the primary catalyst to watch.