BREAKING: EUR drops on Nord Stream damage reports

Nord Stream AG informed that it has found leaks and damages in 3 separate pipelines of Nord Stream gas system. Moreover, the company said that it is unable to say when the infrastructure will be repaired.

Of course, such news should not come as a surprise and should not have much of an impact on the markets as Gazprom halted gas flows via Nord Stream at the beginning of September. Nevertheless, EUR erased most of the daily gain against USD following the news.

Nord Stream has been idle since the beginning of September after Gazprom halted gas flows. Source: Bloomberg

EURUSD erased the majority of daily gain following Nord Stream news and now trades just around 0.15% higher on the day. Source: xStation5