EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes

The Euro (EUR) is failing to capitalise on the moderate US Dollar (USD) weakness witnessed on Friday as the high Oil prices and the ongoing concerns about France’s public debt offset investors’ optimism about lower global yields.
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Oil: Iran tensions keep crude prices elevated - Rabobank

Rabobank's Senior Economist Maartje Wijffelaars notes Oil prices climbed to around $105 per barrel as Iran struck tankers, before Brent eased after US comments on talks with Iran. Despite the pullback, Oil and diesel remain elevated, with Gasoil sharply higher since Tuesday.
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