Euro futures moved higher to start the week, trading above 1.19 for the first time since September. The currency has climbed 3% from recent lows as the U.S. dollar fell to a four month low. While the euro reached 1.19 intraday, it settled near 1.1880 as the session concluded. Volatility remained near unchanged despite the price action, following a higher close last week. Data indicates that speculators have been exiting net long positions since January 6, coming off six year highs. Market participants are now looking ahead to the Wednesday FOMC meeting for potential shifts in policy expectations.