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Europe's Heat Waves Weaken Electricity Supply, Increasing Reliance on Fossil Fuels and Renewables
A series of intense heat waves across Europe have compromised traditionally stable electricity sources, compelling the continent to depend more on imported fossil fuels and fluctuating renewable energy. This shift highlights the vulnerability of Europe's power infrastructure amid extreme weather conditions.
Date:
01.08.2026 |
Source:
FOR-EX.NEWS
Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.153380 | +0.05015% |
| GBPUSD | 1.348300 | +0.13163% |
| USDJPY | 157.400000 | -1.38339% |
| XAUUSD | 4042.682210 | -1.47657% |
| USDCAD | 1.401850 | +0.053998% |
| NZDUSD | 0.587720 | -0.026077% |
| USDCHF | 0.807560 | +0.34166% |
| AUDUSD | 0.702540 | +0.01042% |
| EURGBP | 0.855430 | -0.04909% |
| EURJPY | 181.610330 | -1.26117% |
| GBPJPY | 212.494690 | -1.0806% |
| AUDJPY | 110.563000 | -1.36934% |
| CADJPY | 112.274000 | -1.40073% |
| CHFJPY | 195.388820 | -1.48496% |
| NZDJPY | 92.524060 | -1.33714% |
| GBPCHF | 1.088830 | +0.52019% |
| EURCHF | 0.931420 | +0.39793% |
| USDMXN | 17.326000 | -0.00404% |
| USDZAR | 16.543800 | +0.07622% |
| USDTRY | 47.507800 | +0.16635% |
| USDRUB | 79.175000 | -1.01888% |
| USDSEK | 9.509300 | -0.40876% |
| USDCNY | 6.744800 | -0.14361% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 03.08.2026 | ||||
| 01:45 | S&P Global Manufacturing PMI (Jul) | 51.5 | 51.7 | |
| 14:00 | 🇺🇸 | ISM Manufacturing PMI (Jul) | 54 | 53.3 |
| 04.08.2026 | ||||
| 14:00 | 🇺🇸 | JOLTs Job Openings (Jun) | 7.25 | 7.594 |
| 05.08.2026 | ||||
| 14:00 | 🇺🇸 | ISM Non-Manufacturing PMI (Jul) | 54.2 | 54 |
| 14:00 | 🇺🇸 | ISM Non-Manufacturing Prices (Jul) | 67.7 | |
| 14:00 | 🇺🇸 | ISM Services PMI (Jul) | 54.2 | 54 |
| 06.08.2026 | ||||
| 01:30 | 🇦🇺 | Balance of Trade (Jun) | -1.08 | -3.018 |
| 07.08.2026 | ||||
| 03:00 | Balance of Trade (Jul) | 112.5 | 125.62 | |
| 03:00 | Exports YoY (Jul) | 27 | ||
| 03:00 | Imports YoY (Jul) | 36 | ||