Euro futures concluded the session near unchanged, holding close to the 1.18 level despite fluctuations in the U.S. dollar throughout the day. Early weakness in the dollar prompted the euro to rally before an afternoon reversal tested weekly lows near 1.1775. Volatility, as measured by the CVOL index at CME Group, remained flat on the day and has trended lower following the significant price ranges observed in late January. Market participants are now focused on upcoming economic data, including the January PPI and the Chicago Purchasing Managers Index, which are scheduled for release tomorrow.
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