Dutch international: If energy prices remain high, the euro may continue to be under pressure.

Chris Turner of the Dutch International Group stated in a report that Europe's energy dependence means that as natural gas prices surge due to conflicts in the Middle East, the euro is likely to remain under pressure in the short term. He said that while most people expect the surge in natural gas prices to be temporary, a significant bet on a euro rally makes it unlikely for many investors to buy euros when the exchange rate weakens. "Or at least we need to see some clear signs of easing tensions before the euro can find support against the dollar." He said that currently, the US stock market is outperforming the European stock market, and the interest rate differential has slightly widened, which is positive for the dollar. Data from the London Stock Exchange Group shows that the euro fell to a six-week low of $1.1587.