Euro futures rallied as the ECB held rates steady.

Euro futures regained momentum and moved higher, trading at the 1.174 level after two days of selling pressure. This upward movement was driven by a couple of factors. The ECB's decision to hold rates steady, a move that was widely expected, provided stability. Additionally, the release of US CPI data, which was in line with expectations, coupled with a lower-than-anticipated PPI reading, put pressure on the US dollar. As a result, the Euro held onto its strength and is now trading near the top of its one-month range. Meanwhile, the Australian dollar is also showing significant relative strength, trading at its highest level since last November.