Euro futures climbed to a 2-week high on ECB policy focus.

Euro futures climbed for a 4th consecutive session, reaching a 2-week high of 1.165 as momentum continues to carry forward. Dan Deming from KKM Financial breaks down the primary drivers behind this upward price action, highlighting a softening tone in the Middle East that has put global pressure on energy markets, dragging WTI Crude Oil futures below $80 a barrel. This shift has provided notable support to the foreign exchange markets. Additionally, the Euro continues to find support from last week's ECB announcement, where policymakers elected to raise interest rates to remain vigilant against inflation. While the Euro remains near the lower end of its wider range for 2026, recent price action indicates it has established a higher low relative to the lows established back in March, demonstrating clear relative strength against other major currencies in a quiet session.