For the first time in the past 20 years

The latest news from the US Consumer News and Commercial Channel (CNBC) website, this Monday, after Russia announced that it will close the main natural gas pipeline to Europe, the euro exchange rate of the US dollar has fallen below 1 euro for the first time in the past 20 years. Essence

US media said that at 1 pm London time, the euro exchange rate against the US dollar was around $ 0.9915, and earlier that day, the exchange rate of the euro to the US dollar once reached a low of $ 0.9881. At the same time, due to market concerns, energy supply problems and the decline in European economic growth, the US dollar index that measures the six major currency exchange rates has also reached a new high in nearly 20 years.

According to reports, last Friday, after the Seventh -way Group announced that it reached an agreement on Russia's implementation of export prices, Russia's Natural Gas Industry Co., Ltd. announced indefinitely to close the "Beixi No. 1" natural gas pipeline. On September 5, the base price of natural gas trading in Europe rose nearly 30%to 282.5 euros per MWh.

According to US media, the European Central Bank will hold a meeting on Thursday, and economists expect the European Central Bank to increase the benchmark interest rate from 0 to 0.5%or 0.75%.

Janet MUI, director of market analysis of Britin Dolphin, British wealth management company, told CNBC that because Russia may continue to restrict the supply of natural gas in the region, the prospects of the European market seem to be "really grim." She added that the euro assets will face pressure and the US dollar will strengthen significantly.

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