# Euro Bears Warn Market Is Ignoring Risk of Another Energy Crisis

> Some analysts, including Vanguard and BlueBay, warn that high European gas prices will keep pressuring the euro-area trade balance. They argue the euro could fall back toward parity with the dollar, though the Bloomberg survey median sees $1.12 by year-end. European natural gas futures are near €39 per megawatt-hour and are forecast to rise.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/36621-euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher European energy costs could weaken the euro and support the dollar, while sustained gas strength tends to lift energy-linked input costs for feed and fertilizer producers.

## Read by commodity

- EURUSD: bearish ▼
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +1.0% | +1.1% |
| EURUSD | 2022-09-09 | [EUR USD: Euro Trading Is All About the Energy Crisis, Not ECB Rate Hikes - Bloomberg](https://feedsoft.ai/events/39799-eur-usd-euro-trading-is-all-about-the-energy-crisis-not-ecb-rate-hikes-bloomberg.md) | +0.4% | -1.5% |
| EURUSD | 2022-07-05 | [European stock markets tumble on rising fears of recession \| Stock markets \| The Guardian](https://feedsoft.ai/events/10290-european-stock-markets-tumble-on-rising-fears-of-recession-stock-markets-the.md) | -3.1% | -1.3% |
| EURUSD | 2016-06-22 | [Darghi’s Warning of Further Stimulus Brings Down EUR/USD Exchange Rate \| Euro Exchange Rate News This is](https://feedsoft.ai/events/6961-darghi-s-warning-of-further-stimulus-brings-down-eur-usd-exchange-rate-euro.md) | -1.8% | -2.3% |
| EURUSD | 2024-10-30 | [The US Dollar Is Rising on Renewed Confidence in the US Economy and Market Fluctuations Ahead of the US Election - Desjardins](https://feedsoft.ai/events/28118-the-us-dollar-is-rising-on-renewed-confidence-in-the-us-economy-and-market.md) | +1.1% | -2.1% |
| NATGAS | 2021-12-14 | [The emerging global natural gas market and the energy crisis of 2021-2022 \| Brookings](https://feedsoft.ai/events/43786-the-emerging-global-natural-gas-market-and-the-energy-crisis-of-2021-2022.md) | -1.2% | +7.3% |
| NATGAS | 2018-05-16 | [Fears Grow of Gas Market Supply Crunch  \| Energy Intelligence](https://feedsoft.ai/events/65198-fears-grow-of-gas-market-supply-crunch-energy-intelligence.md) | +0.0% | +4.9% |
| NATGAS | 2022-07-05 | [European stock markets tumble on rising fears of recession \| Stock markets \| The Guardian](https://feedsoft.ai/events/10290-european-stock-markets-tumble-on-rising-fears-of-recession-stock-markets-the.md) | +15.3% | +43.6% |

## Sources

- energyconnects.com: https://www.energyconnects.com/news/utilities/2023/april/euro-bears-warn-market-is-ignoring-risk-of-another-energy-crisis/

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