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

Euro Slumps Against Dollar Amid Oil Price Rise

Guavy AI Editorial Team
Instruments
EUR
Share

EUR/USD has fallen to its lowest level in two weeks, reaching the upper 1.15s range due to bearish sentiment and rising oil prices.

According to Scotiabank strategists Shaun Osborne and Eric Theoret, the renewed deterioration coincides with the latest recovery in oil prices, sparking concerns about the euro area's terms of trade as a major energy importer.

The support offered by higher yield spreads appears to be overwhelmed by the turn in sentiment, with spot drifting below Scotiabank's narrow fair value estimate of 1.1619.

More on Forex

Forex just now

Big Tech Floods Eurozone Bond Market with AI Investment

Forex 1m ago

Tech Giants Flood Euro Zone Bond Market with $1 Trillion in Debt

Forex 1m ago

Iran Conflict Sparks Bond Market Selloff Amid Rising Interest Rates

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