Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance, Reuters reported on Tuesday.
“If we do see Russian gas flows resume tomorrow, that will be good news for the euro/dollar and in the near term, euro can get a little boost and get away further from parity,” said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Other major currencies similarly rallied on the back of the weakening greenback, and as central banks around the world become more hawkish in their efforts to tame soaring inflation.
The US dollar index measure against a basket of key currencies was down 0.08% to 106.58, well off its two-decade peak of 109.29 last week.
Some dollars are in PHALA PHALA
Image of US dollars? Where did you get them? I hope there is no mattress in your news room. Let tool.