Euro Currency futures moved higher, closing at 1.1630 for a third consecutive session, and reached a high of 1.1656, its highest price in almost two weeks. The move higher was largely catalyzed by the US dollar's decline, which has been in a tailspin after hitting six-month highs last week. FX volatility was higher today, tracking with prices, and has been trending upward since hitting year-to-date lows on Halloween. With the US government shutdown over, the market is looking for clarity on the release schedule for delayed US economic data, as well as future data prints. Additionally, the third quarter GDP for the euro area is expected ahead of the weekend.
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