Euro futures traded higher for a fifth straight session on positive ZEW data.

Euro futures traded higher for a fifth consecutive session, reclaiming the 1.16 handle in the December contract. This upward momentum was primarily driven by the ZEW Economic Sentiment data, which came in better than anticipated at 25 versus 23.5. This positive data point supported the euro, which showed relative strength in the FX quadrant, standing out as an outlier while most other major FX futures markets were flat on the day. The recent upward price action sees the euro fighting back into the lower end of its one-month range after trading off of three-month lows over the last few weeks.