West Texas Intermediate (WTI) crude oil is maintaining stability above the $59.00 mark, currently trading at approximately $59.30 during early European hours on Monday. This resilience in oil prices comes as market participants assess the recent easing of tensions in Iran, alongside a broader risk-off sentiment impacting global markets.
The stabilization of WTI could influence currency pairs such as USD/EUR, as fluctuations in oil prices often ripple through the forex landscape. Traders are closely monitoring potential fallout from ongoing tariff threats from former President Trump, which could further affect the exchange rate dynamics and overall market sentiment in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2026-01-19 06:37
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.