Posted on July 12, 2022 The energy crisis in Europe, wrapped in the fear that Russia could totally cut off the gas supply to the continent, is being the main factor for the fall of the EUR/USD to parity. In Europe, the Nord Stream 1 gas pipeline that transports Russian natural gas to Germany was temporarily closed for maintenance work that should end on July 21, so until then the gas supply from Russia will remain closed. Fears that this is an excuse by Russia to completely cut off supplies to Germany have increased and European politicians are skeptical of a reopening once maintenance work is complete. Along these lines, US Treasury Secretary Janet Yellen began a meeting with Japanese Finance Minister Shunichi Suzuki on Tuesday to discuss other ways to further strengthen Western sanctions against Russia for the war against Ukraine. In the United States, after the employment data published the previous week, it seems that the FED could give the green light to the application of a policy of greater monetary tightening. This Wednesday we will have the inflation data as the most important macro event of the week, since it is expected to be close to 9% in June, in what would be the highest figure in the last 40 years. The president of the Kansas FED, Esther George, affirmed that raising interest rates too quickly could end up being detrimental to the American economy and the financial markets, given the current scenario surrounded by uncertainty regarding a stagnation in economic growth and a possible recession. INFORMATIONTitleThe EUR/USD pair reaches parity for the first time in twenty yearsDescriptionThe energy crisis in Europe, wrapped in the fear that Russia could completely cut off the gas supply to the continent, is being the main factor for the fall of the EUR/USD to the parity.Author GLOBALCAJA