Forex News April 12, 2022

 

Germany

If Russia stops supplying gas now, Germany’s reserves would only last until late summer. According to the German network regulator chief, speaking to Die Zeit newspape:

The reserves would only last until late summer or early fall, and German households would have to forego heating privileges in the event of a gas supply emergency. With wholesale prices also surging today, there’s doubt that lawmakers will be persuaded to change their stance on an embargo on Russian oil and gas for the time being.

The EU will continue to apply pressure on that front, but Germany is likely to stand firm, and the situation described above speaks for itself.

Dollar

  • The dollar remains slightly firmer in European morning trade

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#edgeforex #forextrading #forexsignals #forex #germany #gas #network #summer #dollar #reserves #energy #cryptocurrency #bitcoin 

 

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