# Euro slides to five-year low on Russian energy supply, slowdown fears

> The euro fell to a five-year low near $1.056 after Russia's Gazprom halted gas supplies to Poland and Bulgaria over ruble payment demands. Investors also worried about a eurozone slowdown, and the dollar gained on safe-haven demand.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Gas supply cuts raise European energy costs and could weaken eurozone growth and feed demand. A stronger dollar also makes US-priced commodities more expensive for euro buyers.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼
- NATGAS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2022-04-28 | 5 | -3.1% | -3.9 | Gazprom's gas halt to Poland and Bulgaria raised energy-supply and slowdown risk for the eurozone, driving the euro to a five-year low and boosting safe-haven dollar demand. |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | Gazprom's gas cutoff to Poland and Bulgaria drove euro weakness and safe-haven USD demand. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-09-05 | [Euro plunges to new 20-year low after Russian gas halt](https://feedsoft.ai/events/39802-euro-plunges-to-new-20-year-low-after-russian-gas-halt.md) | +1.0% | -2.2% |
| EURUSD | 2022-04-28 | [New 5-year Lows for EUR/USD Rate, More Losses on Energy Risks Possible says MUFG](https://feedsoft.ai/events/8289-new-5-year-lows-for-eur-usd-rate-more-losses-on-energy-risks-possible-says-mufg.md) | -0.1% | +1.0% |
| EURUSD | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.2% | +1.2% |
| 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 | 2022-03-01 | [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% |
| DXY | 2022-04-28 | [New 5-year Lows for EUR/USD Rate, More Losses on Energy Risks Possible says MUFG](https://feedsoft.ai/events/8289-new-5-year-lows-for-eur-usd-rate-more-losses-on-energy-risks-possible-says-mufg.md) | +0.1% | -0.4% |
| DXY | 2022-03-07 | [Euro slides as war in Ukraine stokes fears of inflationary shock](https://feedsoft.ai/events/8258-euro-slides-as-war-in-ukraine-stokes-fears-of-inflationary-shock.md) | +0.3% | -1.0% |
| DXY | 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) | +1.1% | +0.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/04/27/euro-falls-on-energy-supply-slowdown-fears-after-gazprom-decision.html

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