Germany's Habeck: A good chance to get through winter without drastic energy measures

Dhwani Mehta FXStreet

German Economy Minister Robert Habeck is out with some conciliatory remarks on Monday after Russia’s Gazprom announced Friday that it will shut down its Nord Stream 1 pipeline for three days next week in the latest blow to the European gas crisis.

Key quotes

A good chance to get through winter without drastic energy measures.

We face a very difficult winter, must expect Putin to tighten gas supplies further.

Market reaction

EUR/USD is keeping its recovery mode intact near 1.0040 on the above comments, adding 0.07% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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