The euro fell below $0.99 on Monday (September 5), its lowest level in 20 years, after the announcement last week that Russia would cut off gas supplies to Germany via the Northern Gas Pipeline Stream 1.
The euro fell 0.71% to 0.9883 dollar around 05:45 GMT, its lowest since December 2002. Since the beginning of the year, the European currency has continued to weaken against the dollar.
The Russian giant Gazprom announced Friday that the Nord Stream gas pipeline, which was to resume service on Saturday after maintenance, will finally be "completely" stopped until the repair of a turbine in this vital pipeline for supplying Europeans.
The shutdown is considered, from a technical point of view, unjustified by the turbine manufacturer Siemens Energy.
After having come close to its historic record of 345 euros per megawatt hour on August 26, established in March at the start of the war in Ukraine, the price of European natural gas had fallen by more than a third in one week last week.
It resumes trading Monday at 06:00 GMT.
In addition, European stock markets were expected to fall sharply at the opening, according to the first indications available.
With AFP
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