The conflict of the gas is passed on to forex
As many of you know, the forex market is not just about currencies, but are also involved raw materials, especially oil. The current fighting in Gaza, as already seen, have led to 'increase the price of oil, but also another war is under way: one on the gas. The recent cut in gas supplies by Russia to Ukraine has led to serious consequences to Europe, especially to some Eastern European countries remained practically dry gas.
In the coming weeks, Bulgaria, Romania, Greece and Turkey have serious shortages, energy and heating sources. The Ukraine is the main viaduct of Russian gas, which supplies about 80% of gas demand in Europe.
Some countries like Italy have launched a plan to combat this crisis, using supplies
In the field of forex was the natural increase in crude oil prices yesterday, which is advanced more than $ 1 a barrel, surpassing the threshold of $ 50. The day today there has been a marked fall, so the oil has dropped about $ 42. The question of gas will be a key indicator in the coming days to see how oil prices evolve.
Tags: currency, economy., Forex, stock exchange