Euro futures moved lower in quiet holiday trade.

Euro futures traded lower mid-week, closing near 1.1780 after failing to sustain a move above the 1.1800 level. Despite hitting an intraday high of 1.1808, the currency has struggled to maintain trade above 1.1800, a level not seen consistently since 2021. The CVOL index indicated that volatility has been nudging higher as participants anticipate central bank uncertainty between the Fed and the ECB heading into the new year. Traders are looking ahead to the upcoming release of Fed minutes, which may provide insight into recent policy dissension and future rate decisions.