Euro futures traded higher for a third consecutive session, pushing the market up to the 1.17 level. Trade concerns put pressure on the US dollar, which benefited the euro. This was compounded by yields moving lower, particularly on the short end of the curve, as the 2-Year yield reached its lowest level in three years. Despite the upward momentum, the euro remains at the low end of its two-month trading range. Most major FX futures markets, including the British Pound, Japanese Yen, and Swiss Franc, also experienced higher price action, while the Australian dollar was under some pressure.
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