German Economy Minister Habeck teases gas rationing in the country

"Certain industries would have to be shut down if there is not enough gas and that pretty much is a prelude to potential gas rationing in the country,  |  24/06/2022 05:26

"Certain industries would have to be shut down if there is not enough gas and that pretty much is a prelude to potential gas rationing in the country, which is now one step away," said German Economy Minister Robert Habeck on Friday.

Also read: Germany’s Habeck: Gas is from now on in short supply in the country

FX implications

The news fails to move a needle when it comes to EUR/USD as the major currency pair grinds higher around 1.0540 heading into European session. However, chatters over the global recession gains momentum due to the German policymakers' comments, which in turn should weigh on the market sentiment and underpin the US dollar's safe-haven demand.

Read: EUR/USD advances towards 1.0550 despite escalating hawkish Fed bets

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com