EUR will become weaken against USD if Europe buys most of crude oil and gas from USA.
Whenever crude oil purchasing EUR should be converted to USD.
This will increase demand for USD.
From the past couple of days USD is getting strong over EUR as Europe Union increasing purchasing oil and gas from USA.
If Europe Union can diversify the purchases between USA and Middle East then EUR value may not decline much.
Friday, April 8, 2022 - 16:27 UTC