Euro futures finished the New York cash session with an inside range day, reflecting market hesitation ahead of major macroeconomic catalysts. Eurozone core inflation provided an upside surprise, reaching 2.6% year-over-year, driven by a jump in services inflation to 3.5%, while the headline rate held steady at 3.2%. Traders are closely monitoring back-to-back central bank decisions, starting with the Federal Reserve meeting under new chair Kevin Warsh. Markets anticipate a steady Fed rate, followed by the Bank of England's decision to maintain its 3.75% base rate. Market participants are focusing heavily on ensuing press conferences and policy statements, which are expected to drive volume and near-term direction for Euro futures against both the dollar and sterling.
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