# Euro holds gains, as lower Oil prices offset weak German Retail Sales figures

> The euro held modest gains against the dollar on Monday as Brent fell more than 2% below $110 on Qatari mediation efforts toward resuming US-Iran peace talks. German retail sales unexpectedly fell 2% month on month in September, against expectations of a 0.4% rise. Investors were also positioning ahead of the US midterm elections.

- Date: 2026-11-02 · published 2026-11-02T09:09:34.993Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/75242-euro-holds-gains-as-lower-oil-prices-offset-weak-german-retail-sales-figures
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Lower crude eases cost pressure on oil-importing Europe and trims energy-driven inflation risk, which feeds into feed and fertiliser input costs. A softer dollar ahead of the midterms also supports dollar-denominated commodity prices.

## Read by commodity

- BRENT: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-10-16 | [Oil prices hold at 2-week low on lower oil demand growth forecasts](https://feedsoft.ai/events/28030-oil-prices-hold-at-2-week-low-on-lower-oil-demand-growth-forecasts.md) | +2.5% | -2.4% |
| BRENT | 2024-09-23 | [Oil settles lower on weak euro zone business activity](https://feedsoft.ai/events/28479-oil-settles-lower-on-weak-euro-zone-business-activity.md) | -4.5% | -3.1% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |
| BRENT | 2018-12-20 | [Oil demand flashes red, sending crude prices even lower](https://feedsoft.ai/events/11080-oil-demand-flashes-red-sending-crude-prices-even-lower.md) | -8.1% | +10.6% |
| BRENT | 2024-09-18 | [Crude oil prices today: WTI, Brent lower as Fed cuts rates](https://feedsoft.ai/events/28216-crude-oil-prices-today-wti-brent-lower-as-fed-cuts-rates.md) | +1.5% | -0.2% |
| EURUSD | 2016-06-28 | [EU wheat prices weaken as firmer euro dents export outlook](https://feedsoft.ai/events/11730-eu-wheat-prices-weaken-as-firmer-euro-dents-export-outlook.md) | +0.5% | -0.4% |
| EURUSD | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | +3.2% | +2.9% |
| EURUSD | 2022-05-23 | [Stocks rally as euro gains on likely rate hikes](https://feedsoft.ai/events/12688-stocks-rally-as-euro-gains-on-likely-rate-hikes.md) | +1.4% | -0.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-holds-gains-as-lower-oil-prices-offset-weak-german-retail-sales-figures-202611020731

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.