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TDUX
Jul 14 - 06:55 AM

EUR/USD - Escalating Conflict In The Middle East Could Sink EUR/USD

By Jeremy Boulton  —  Jul 14 - 06:19 AM

• Iran and US stage new attacks, battle over control of Strait of Hormuz

• Oil hits four-week high at $87.38, Brent almost $18 higher in July

• Natural gas rises to $53.10 - highest since early April

• The eurozone imports energy while the U.S. exports it

• Daily EUR/USD highs sinking since Friday

• Tuesday low 1.1379, is not far from this year's low at 1.1325


EURUSD vs Natgas and oil


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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