Euro futures rally to eight-week high

Euro futures experienced a notable rally, reaching an eight-week high and pushing toward the strongest close since mid-June. The September contract saw positive momentum, setting up for a second consecutive week of higher prices. 1% and industrial production increasing for a third consecutive month, despite a narrowing trade surplus. Furthermore, shifting rate differentials continue to favor the euro.

25% in July following a June hike, markets anticipate potential further tightening. S. labor data has led to expectations that the Fed will remain on hold. This divergence in monetary policy expectations acts as a significant tailwind for Euro futures heading into the close of the week.