Germany's Scholz: EU leaders to discuss high energy prices and market speculation this week

Eren Sengezer FXStreet

German Chancellor Olaf Scholz said on Wednesday that he will be discussing high energy prices and market speculation with European Union (EU) leaders this week, as reported by Reuters.

"We will build our own LNG terminals much faster than planned up to now," Scholz added. "Our goal for climate neutrality in Germany by 2045 is more important than ever today."

Market reaction

The shared currency stays on the back foot early Wednesday. The EUR/USD pair was last seen posting small daily losses near 1.1020. Meanwhile, Germany's DAX 30 Index is up slightly on the day at 14,495.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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