Euro futures rebound from 2-month low on Mideast talks, jobless claims

Key facts

• Euro futures rebounded from a two-month closing low.
• The euro contract gained approximately 0.25% to trade near 1.1625.
• The upward move was driven by a positive tone in Middle East negotiations.
• Lower crude oil prices and Treasury yields also supported the euro.
• US weekly jobless claims ticked up slightly.
• The Swiss franc and Australian dollar showed relative strength.
• The British pound, Japanese yen, and Canadian dollar remained mostly unchanged.

Euro futures found support and traded higher, rebounding from a two-month closing low hit in the previous session. The currency contract gained approximately 0.25% to trade near the 1.1625 level, moving back into its three-week established range. The upward move was primarily driven by a positive tone shift in Middle East negotiations, alongside downward pressure on crude oil and lower Treasury yields. Additionally, weekly jobless claims in the U.S. ticked up slightly ahead of the nonfarm payrolls report. In other FX futures markets, the Swiss franc and Australian dollar showed relative strength, while the British pound, Japanese yen, and Canadian dollar remained mostly unchanged.