Forex Today: Eyes on Fed’s decision and EU energy crisis

Forex Today: Eyes on Fed’s decision and EU energy crisis – by ValBednarik EURUSD XAUUSD Fed Recession Inflation

Risk aversion took over financial markets on Tuesday, benefiting the greenback the most.Germany reported that Gazprom, the Russian gas giant, is delivering pretty much 20% of its usual natural gas provision. EU countries agreed to reduce gas use for next winter, aiming to cut gas use by 15% in the upcoming six months. Meanwhile, Moscow reported that the missing turbine for the pipeline is on its way after maintenance, but it still has not been installed.

Save-haven currencies saw little activity, with USD/CHF steady around 0.9620 and USD/JPY now trading at 136.75.

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