Germany's Scholz: EU leaders to discuss high energy prices and market speculation this week
|German Chancellor Olaf Scholz said on Wednesday that he will be discussing high energy prices and market speculation with European Union (EU) leaders this week, as reported by Reuters.
"We will build our own LNG terminals much faster than planned up to now," Scholz added. "Our goal for climate neutrality in Germany by 2045 is more important than ever today."
Market reaction
The shared currency stays on the back foot early Wednesday. The EUR/USD pair was last seen posting small daily losses near 1.1020. Meanwhile, Germany's DAX 30 Index is up slightly on the day at 14,495.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.