EUR/USD Under Pressure as Brent Crude Surpasses $105

Key Facts

The EUR/USD pair faced fresh downward pressure as Brent crude oil prices climbed above $105 per barrel. Investing.com reported that the Euro weakened against the US Dollar as oil prices surged past this key threshold.

Rising energy costs typically weigh on the Eurozone economy due to its status as a net energy importer. Conversely, the US Dollar often gains from safe-haven flows and inflation expectations driven by energy prices, following earlier data that showed the Eurozone annual inflation rate reached 3.8% on October 2, 2026.