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The euro rose about 0.4% against the dollar as risk appetite improved, despite German September trade data showing a narrower-than-expected surplus. Lower oil prices and continued diplomatic efforts to end the US-Iran war supported sentiment, while stronger-than-expected US jobs data could limit further dollar weakness.
A softer dollar makes dollar-priced feed commodities relatively more expensive for euro-area buyers, while lower oil prices can ease energy and freight costs. The currency move may therefore offset some of the relief from cheaper energy.
fxstreet.comGuillermo AlcalaNov 9, 2026After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
