Euro falls on energy price fears

New York (Archyde.com)
The price of the euro fell today to a new record not reached in 20 years once morest the dollar, amid fears of high energy prices and a possible shortage of supplies, which cast a shadow over the euro zone economy, despite some assurances regarding gas supplies.The Equinor company said on Wednesday: The oil fields And gas affected by a strike in the Norwegian oil sector is expected to return to full capacity within two days.
On the other hand, Goldman Sachs raised its forecast for natural gas prices, saying that the restoration of all Russian gas flows through the Nord Stream 1 pipeline is no longer the most likely possibility.
Analysts expect a rapid rise in oil prices with continued supply shortages.
The euro fell 0.3 percent to $ 1.023 following hitting its lowest level since December 2002 at $ 1.0225.
The dollar index, which measures its value once morest six major currencies, rose 0.2 percent to 106.71.
The euro fell once morest the Swiss franc 0.3 percent to its lowest level in seven years at 0.9911 franc.
The dollar fell 0.3 percent once morest the Japanese yen to 135.36 yen to the dollar.
The Bank of Japan said that it will not stop monetary stimulus measures to contain inflation caused by high fuel and raw materials prices due to the Ukraine crisis, and is likely to be temporary.
With regard to cryptocurrencies, the price of Bitcoin fell by one percent, and it recorded in the latest trading of $ 2017,055, and the price of Ether rose by 1.2 percent to $1,146.