Euro futures slip as technical support holds.
September Euro futures faced pressure to close out the week, marking a third weekly decline in the last four sessions while continuing to test critical support at the 200-week moving average. In Europe, Germany's 2027 budget draft introduced further fiscal expansion, increasing spending and borrowing targets, which added to inflation anxieties alongside ongoing Middle East tensions. Meanwhile, the latest FOMC minutes revealed a distinct policy divide among U.S. central bankers, leaving interest rate differentials highly fluid ahead of upcoming inflation metrics and congressional testimony from Fed Chair Kevin Warsh.
September Euro futures faced pressure to close out the week, marking a third weekly decline in the last four sessions while continuing to test critical support at the 200-week moving average.
In Europe, Germany's 2027 budget draft introduced further fiscal expansion, increasing spending and borrowing targets, which added to inflation anxieties alongside ongoing Middle East tensions.
Meanwhile, the latest FOMC minutes revealed a distinct policy divide among U.S. central bankers, leaving interest rate differentials highly fluid ahead of upcoming inflation metrics and congressional testimony from Fed Chair Kevin Warsh.