The official currency of the European Union (EU) will begin to strengthen against the backdrop of good weather, which has already led to lower energy prices. such an opinion expression In an interview with Bloomberg, analysts of the German financial conglomerate Deutsche Bank and the American Morgan Stanley.
Experts expect the euro to rise to $1.15 against the current $1.07. Japanese financial conglomerate Nomura International estimated $1.10 by the end of January.
Mark McCormick, an expert at Canadian investment bank TD Securities, noted that good weather would greatly soften the recovery for the eurozone.
According to Gareth Gettinby, an expert at Dutch insurance company Aegon Asset Management, the relatively high temperatures in the region have helped circumvent devastating scenarios such as an energy crisis that has regained investor confidence. He added that downside risks to the euro have decreased with falling gas prices.
Kommersant newspaper this week WroteDue to the very hot weather in Europe, gas prices dropped to $780 per thousand cubic meters. That’s the lowest figure last year and five times less than the peak gas price in August 2022.