Euro: Downside risks build against US Dollar as oil rises – Scotiabank

Published Sep 02, 2026 11:39 AM Last refreshed Sep 02, 2026 5:00 PM Source: EODHD Event Time: Sep 02, 2026 11:39 AM

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Euro: Downside risks build against US Dollar as oil rises – Scotiabank

Source: EODHD - https://www.fxstreet.com/news/euro-downside-risks-build-against-us-dollar-as-oil-rises-scotiabank-202609021539
Published: Sep 02, 2026 11:39 AM

Scotiabank strategists Shaun Osborne and Eric Theoret note EUR/USD has slipped to the upper 1.15s, with sentiment turning bearish despite supportive yield spreads. They link the renewed deterioration to rising Oil prices and concerns over Euro area terms of trade.

Market context: This update is relevant to EUR traders, with EURUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.

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