# Euro falling towards parity pain point

> The euro is falling toward parity with the dollar amid surging gas prices and warnings of a major Russian gas supply cut. Natural gas has doubled from June lows and a pipeline maintenance dispute between Russia and Germany has escalated.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/10284-euro-falling-towards-parity-pain-point
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Energy supply stress in Europe weighs on the euro and raises fears of a winter energy crisis, which can lift energy-linked costs for feed production and push European demand toward alternative feed sources.

## Read by commodity

- EURUSD: bearish ▼
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-07-05 | 5 | -3.3% | -3.4 | Surging gas prices and the Russia-Germany pipeline maintenance dispute raised the risk of a gas supply cut, pushing the euro toward parity. Dated 07-06, so it mostly reinforces the move's end. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-04-26 | [Bleeding euro falls to 2-year low \| MarketPulse by OANDA Group](https://feedsoft.ai/events/8290-bleeding-euro-falls-to-2-year-low-marketpulse-by-oanda-group.md) | -1.7% | -0.3% |
| EURUSD | 2022-09-22 | [Euro plummets to a 20-year low amid war in Ukraine](https://feedsoft.ai/events/39804-euro-plummets-to-a-20-year-low-amid-war-in-ukraine.md) | -2.0% | -0.6% |
| EURUSD | 2022-03-01 | [Euro falls to lowest since June 2020 as Russia's invasion of Ukraine picks up](https://feedsoft.ai/events/8259-euro-falls-to-lowest-since-june-2020-as-russia-s-invasion-of-ukraine-picks-up.md) | -3.2% | -2.2% |
| EURUSD | 2022-03-04 | [Ukraine war sends euro below $1.10 for first time in two years](https://feedsoft.ai/events/8256-ukraine-war-sends-euro-below-1-10-for-first-time-in-two-years.md) | -0.4% | +0.4% |
| EURUSD | 2022-02-25 | [From euro to EM: Russia's Ukraine war upends market bets \| Reuters](https://feedsoft.ai/events/9834-from-euro-to-em-russia-s-ukraine-war-upends-market-bets-reuters.md) | -0.9% | -1.3% |
| NATGAS | 2022-02-28 | [Sterling falls vs dollar, rises against euro after Western sanctions on Russia \| Financial Post](https://feedsoft.ai/events/42940-sterling-falls-vs-dollar-rises-against-euro-after-western-sanctions-on-russia.md) | +7.2% | +21.8% |
| NATGAS | 2021-06-30 | [FEATURE: All eyes on Europe's tight gas market going into Q3 \| S&P Global](https://feedsoft.ai/events/46766-feature-all-eyes-on-europe-s-tight-gas-market-going-into-q3-s-and-p-global.md) | -1.7% | +10.4% |
| NATGAS | 2026-07-29 | [Natural gas: Europe faces tighter winter balance – ING — Octa](https://feedsoft.ai/events/18541-natural-gas-europe-faces-tighter-winter-balance-ing-octa.md) | +2.1% | +3.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/euro-falling-towards-parity-pain-point-2022-07-05/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.