Euro futures rallied early to near two-week highs at 1.1650 before reversing to close just above 1.16. The initial move was checked by a rebound in the U.S. dollar, fueled by stronger-than-expected ISM prices paid data. Volatility moved higher in tandem with the currency, which has gained over 1% since last week. Traders are now looking ahead to the Fed Chair's remarks tonight, despite the typical pre-meeting blackout period.