ResearchGlobal2026-09-30
Euro firms across the board; EUR/CNY back above 7.60, euro-settled crude arrival cost needs repricing
EUR/CNY at 7.6060 and EUR/USD at 1.1347, the euro firmed on both legs today. Euro-quoted transfer cargoes now cost more on arrival, and CIPS euro direct clearing cuts the FX leak from 0.3–0.5pp to under 0.1pp.
