EUJ’s von der Leyen on Russian gas cut-off: Mapping out our coordinated EU response

European Commission President Ursula von der Leyen said on Wednesday that Gazprom's announcement is another attempt by Russia to blackmail us with gas.

Further comments

“We are prepared for this scenario.”

“We are mapping out our coordinated EU response.”

“Europeans can trust that we stand united and in solidarity with the Member States impacted.”

EUR/USD eyes 1.0570 as the next bearish target

EUR/USD has extended its slide to fresh multi-year lows. As FXStreet’s Eren Sengezer notes, the next line of defense forms at 1.0570. 1.0570 aligns as
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USD/CNH: Further up comes 6.6300 – UOB

Extra gains in USD/CNH could see the 6.6300 level retested in the next weeks, according to FX Strategists at UOB Group Lee Sue Ann and Quek Ser Leang.
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