The euro held near unchanged levels during today's session, maintaining a level of 1.1865 within a narrower trading range. This consolidation follows a rally earlier in the week where the currency moved north of 1.19 before entering a slow and steady descent. Despite the recent pullback from Monday highs, the euro remains higher on a weekly basis. In the options market, volatility spiked on Monday but has since declined alongside the price action. Market participants are now focused on the upcoming Friday CPI data release and annual benchmark revisions. These data points are expected to influence U.S. Federal Reserve policy shifts, as the U.S. dollar has recently remained the primary driver of price action while the euro has been more reactive.