Crude oil prices have retreated below the $90 per barrel threshold, driven by signs of de-escalation in the Middle East conflict.
The pullback in energy markets reflects a reduction in immediate supply disruption risks, allowing traders to pivot focus toward upcoming macroeconomic data and central bank policy signals.
The shift in geopolitical risk appetite has also supported the Czech koruna, which strengthened against major currencies as market sentiment cooled.
This currency movement aligns with a broader risk-off tone in European markets, where investors are reassessing exposure ahead of critical economic releases.
The week’s trading agenda is dominated by the Federal Reserve’s policy meeting, which will provide clarity on the US interest rate trajectory.
Simultaneously, the release of the German Ifo business climate index will offer a key gauge of economic sentiment in the eurozone’s largest economy.