Downward move at EU gas hubs amid mild and windy weather prospects
European gas prices eroded the risk premium built last week on Monday with biggest losses recorded on prompt and near-curve contracts as mild and very windy…
Markets are quiet. The most noticeable move yesterday was the slight increase in the USD after Fed officials repeated more or less the message that appeared in the last Fed minutes: it will be soon important to start the discussion about the reduction in bond purchases. But they also repeated that inflationary tensions will remain transitory. The EUR/USD exchange rate fell below 1.22, but this level is already being tested this morning. The economic calendar is busier today. This could lead to a little more activity in the markets.
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