# EURUSD extends its decline 📉 Are high energy prices weighing on Europe? | XTB

> EUR/USD is falling as the US economic outlook improves relative to Europe, even though euro area PMI readings beat forecasts. French 10-year yields rose and the French-German spread reached its widest since the sovereign debt crisis. Washington reportedly wants the EU to release about 120 million barrels of diesel from emergency reserves over six months and has signaled it could restrict US diesel exports.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: policy · region Eurozone · magnitude medium
- Page: https://feedsoft.ai/events/9654-eurusd-extends-its-decline-are-high-energy-prices-weighing-on-europe-xtb
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Possible diesel releases and US export restrictions could shift diesel supply and freight costs for feed producers. Higher energy costs in Europe also weigh on the euro and the purchasing power of European feed buyers.

## Read by commodity

- DIESEL: neutral
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2026-10-01 | 1 | -1.0% | -3.6 | Notes EUR/USD decline on 1 Oct from a relatively better US outlook, a widening French spread and energy price concerns, which fits the day's move though it is less specific. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-04-29 | [Oil prices reverse late in session as heating oil contract plunges](https://feedsoft.ai/events/41753-oil-prices-reverse-late-in-session-as-heating-oil-contract-plunges.md) | -13.3% | -22.6% |
| DIESEL | 2026-06-01 | [Renewable fuel credit prices hit records on U.S. biofuel mandates, oil market volatility](https://feedsoft.ai/events/18888-renewable-fuel-credit-prices-hit-records-on-u-s-biofuel-mandates-oil-market.md) | +1.7% | -5.9% |
| DIESEL | 2025-03-31 | [Imminent Mediterranean Clean Fuel Rule Inverts Diesel Prices - Bloomberg](https://feedsoft.ai/events/25786-imminent-mediterranean-clean-fuel-rule-inverts-diesel-prices-bloomberg.md) | -7.6% | -3.9% |
| DIESEL | 2018-08-08 | [Brazil Bases Diesel Price Formula on S&P Global Platts Price Assessments - Aug 8, 2018](https://feedsoft.ai/events/63729-brazil-bases-diesel-price-formula-on-s-and-p-global-platts-price-assessments.md) | -1.8% | +3.2% |
| DIESEL | 2019-04-26 | [Minister: Govt to intervene in event of steep palm oil, biofuel price hike \| Malay Mail](https://feedsoft.ai/events/59479-minister-govt-to-intervene-in-event-of-steep-palm-oil-biofuel-price-hike-malay.md) | -1.2% | -6.4% |
| EURUSD | 2019-04-10 | [Introductory statement to the press conference (with Q&A)](https://feedsoft.ai/events/59797-introductory-statement-to-the-press-conference-with-q-and-a.md) | +0.1% | -0.9% |
| EURUSD | 2016-12-09 | [Week 49: Overview of the world biodiesel market \| Greenea](https://feedsoft.ai/events/73350-week-49-overview-of-the-world-biodiesel-market-greenea.md) | -2.4% | -0.5% |

## Sources

- xtb.com: https://www.xtb.com/int/market-analysis/news-and-research/eurusd-extends-its-decline-are-high-energy-prices-weighing-on-europe

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