Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Euro Steadies Amid Stronger German Data as Oil Prices Weaken

Guavy AI Editorial Team
Instruments
Oil
Share

The EUR/CAD exchange rate remained steady on Thursday, following a stronger-than-expected German Consumer Confidence Survey. The survey, released by GfK, showed a significant improvement in consumer confidence to -26.6, beating market forecasts of -29.6 and surpassing the previous reading of -29.4 in August.

The EUR/CAD cross received support from the Euro's stability following the upbeat economic data out of Germany. Meanwhile, the Canadian Dollar struggled amid lower oil prices, with West Texas Intermediate (WTI) oil trading around $81.10 per barrel at the time of writing.

Strategists at Rabobank cautioned that emerging supply shocks add to the disruptions from the Iran war, reinforcing the risk of more persistent tightness in oil and refined product markets if such outages and bans are prolonged.

More on Commodities

Commodities 1m ago

Gold Price Plunges Rs3,500 Per Tola in Pakistan Amid Market Volatility

Commodities 1m ago

Gold Price Stabilizes Near $4,600 as Market Awaits Jackson Hole Clarity

Commodities 1m ago

Gold Prices Decline Across India's Major Cities

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy