# Euro struggles as oil gains weigh on EUR/CAD

> EUR/CAD fell back to around 1.5620 as rising crude prices supported the Canadian dollar. Indirect US-Iran talks are continuing without a breakthrough, which limits further oil gains. Traders are awaiting Eurozone October HICP data, with headline inflation forecast at 3.9%.

- Date: 2026-11-03 · published 2026-11-03T12:08:56.146Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/77538-euro-struggles-as-oil-gains-weigh-on-eur-cad
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices feed into energy and fertiliser costs for feed producers, while the ECB's policy path shapes euro-area demand. Oil remains the main channel through which this story affects feed prices.

## Read by commodity

- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2016-11-17 | [C$ strengthens to a 1-week high as oil climbs](https://feedsoft.ai/events/74055-c-strengthens-to-a-1-week-high-as-oil-climbs.md) | +3.4% | +11.7% |
| WTI | 2020-05-18 | [Dollar struggles as rising oil prices lift commodity currencies](https://feedsoft.ai/events/53034-dollar-struggles-as-rising-oil-prices-lift-commodity-currencies.md) | +13.5% | +26.0% |
| WTI | 2026-05-28 | [Palm Oil Prices Rise As Crude Oil Gains - Finimize](https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize.md) | +8.1% | -20.5% |
| WTI | 2016-11-30 | [C$ edges higher against firmer greenback as oil surges](https://feedsoft.ai/events/74053-c-edges-higher-against-firmer-greenback-as-oil-surges.md) | +12.5% | +19.3% |
| WTI | 2020-11-10 | [Oil gains more than 2% as vaccine hopes outweigh lockdown impact](https://feedsoft.ai/events/11793-oil-gains-more-than-2-as-vaccine-hopes-outweigh-lockdown-impact.md) | +2.7% | +13.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/euro-struggles-as-oil-gains-weigh-on-eur-cad-202611030926

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