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German Economy Minister Robert Habeck is out with some conciliatory remarks on Monday after Russia’s Gazprom announced Friday that it will shut down its Nord Stream 1 pipeline for three days next week in the latest blow to the European gas crisis.
Key quotes
A good chance to get through winter without drastic energy measures.
We face a very difficult winter, must expect Putin to tighten gas supplies further.
Market reaction
EUR/USD is keeping its recovery mode intact near 1.0040 on the above comments, adding 0.07% on the day.
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