Euro Resilience Under Pressure as Energy Costs and Political Risk Mount
📉 EURO — The currency holding steady is the story, but the stress fractures are the news. 📌 LOOK CLOSER: Euro resilience against the dollar while Brent trades above $105 masks a structural squeeze: European energy import costs denominate in dollars, so a stable EUR/USD doesn't offset the commodity hit. Political risk — Dutch-Israel tensions, fragile coalition governments — compounds the pressure. If Brent approaches Goldman's $120 scenario, EUR/USD holds until it doesn't.
