Euro futures traded higher for a second consecutive session, climbing over 0.5% to reach a two-month high near 1.1756. Activity is picking up as traders roll positions from December into March Euro futures ahead of expiration. The rally was primarily driven by the Fed’s decision to cut rates by 25 basis points and initiate an unexpected liquidity provision, which sent Treasury yields lower and created headwinds for the dollar. Additionally, weekly jobless claims came in higher than anticipated, countering recent labor market optimism. The greenback remained under pressure, supporting gains across major peers including the British pound, Japanese yen and Swiss franc.
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