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

Dollar Strength Drives Euro Down Despite Oil Prices Pullback

Guavy AI Editorial Team
Instruments
EUR USD
Share

The U.S. dollar continued its upward trend despite a pullback in oil prices, according to recent analysis from FXEmpire.

The Chicago Fed National Activity Index report showed a decline from 0.08 in July to -0.04 in August, exceeding analyst forecasts of +0.2.

This unexpected development contributed to the dollar's growth, pushing it towards resistance levels at 100.50-100.65.

The EUR/USD pair suffered as a result, losing ground despite oil prices pulling back below $95 for WTI and $100 for Brent.

More on Forex

Forex 4m ago

Lagarde's Binance Intervention Sparks Regulatory Uncertainty in Europe

Forex 4m ago

Goolsbee Warns Inflation Fight May Require Higher Unemployment

Forex 4m ago

Goolsbee Warns Fighting Inflation Will Be Painful, May Require Higher Unemployment

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