Europe nears gas storage target early despite Russian supply cut – Bloomberg
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The market’s cautious optimism gained additional strength from Bloomberg’s latest news surrounding the Eurozone’s ability to battle the energy crisis during Tuesday’s Asian session.
“The European Union is set to meet its gas storage filling goal two months ahead of target as the bloc braces for a tough winter with Russia limiting supplies and soaring energy prices raging through the continent,” mentioned Bloomberg.
EUR/USD picks up bids to extend the previous day’s corrective pullback from the weekly low to 1.0010 by the press time.
Also read: EUR/USD struggles around parity amid hawkish ECB/Fed speakers, German inflation eyed
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