# New 5-year Lows for EUR/USD Rate, More Losses on Energy Risks Possible says MUFG

> The euro hit a five-year low of 1.0408 against the dollar on a sixth straight daily decline after Russia halted gas flows to Poland and Bulgaria and threatened similar cuts. MUFG analysts said a wider gas cutoff could double European gas prices to about EUR 200/MWh.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: geopolitics · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/8289-new-5-year-lows-for-eur-usd-rate-more-losses-on-energy-risks-possible-says-mufg
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher European energy costs could cut eurozone industrial and livestock output and weaken feed demand. A stronger dollar also raises the euro cost of dollar-priced feed ingredients.

## 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 | Euro hit a new five-year low on a sixth straight decline as the Russian gas cutoff raised the risk of a doubling in European gas prices, hurting euro-area terms of trade and growth. |
| DXY | 2022-04-28 | 5 | +2.5% | 4.3 | EUR/USD hit a five-year low on a sixth daily decline on energy risk, raising the broad dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2022-04-27 | [Euro slides to five-year low on Russian energy supply, slowdown fears](https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears.md) | -1.2% | +0.8% |
| 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 | 2026-03-03 | [EUR/USD plunges below 1.1600 as US Dollar rallies amid risk-aversion mood](https://feedsoft.ai/events/11006-eur-usd-plunges-below-1-1600-as-us-dollar-rallies-amid-risk-aversion-mood.md) | -0.8% | -2.0% |
| EURUSD | 2022-09-06 | [Big rate hike won't save euro as energy shock deepens](https://feedsoft.ai/events/39801-big-rate-hike-won-t-save-euro-as-energy-shock-deepens.md) | +1.0% | -2.2% |
| EURUSD | 2022-03-07 | [Dollar edges higher as surging energy prices prompt safe-haven flows \| Financial Newsletter](https://feedsoft.ai/events/12080-dollar-edges-higher-as-surging-energy-prices-prompt-safe-haven-flows-financial.md) | +0.2% | +1.2% |
| NATGAS | 2022-04-27 | [Euro slides to five-year low on Russian energy supply, slowdown fears](https://feedsoft.ai/events/8287-euro-slides-to-five-year-low-on-russian-energy-supply-slowdown-fears.md) | +14.9% | +28.6% |
| NATGAS | 2024-11-23 | [Europe energy crisis: natural gas prices jump as Russia cut looms \| Fortune](https://feedsoft.ai/events/27595-europe-energy-crisis-natural-gas-prices-jump-as-russia-cut-looms-fortune.md) | +14.0% | +18.4% |
| NATGAS | 2019-06-10 | [Russia May Be Testing U.S. Gas Nerve With Europe Push, Citi Says - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/58780-russia-may-be-testing-u-s-gas-nerve-with-europe-push-citi-says-energy-news-top.md) | -0.2% | +0.6% |

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/eurusd/16876-new-5-year-lows-for-euro-to-dollar-rate-more-losses-on-energy-risks-possible-says-mufg

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