Futures prices can have a significant impact on Forex spot rates. Forex spot rates are the current exchange rates for currency pairs in the spot market, which is where currencies are bought and sold for immediate delivery. Futures prices, on the other hand, are contracts that allow traders to buy or sell a currency at a predetermined price and date in the future.

Futures prices can affect spot rates in a few different ways. First, futures prices are a reflection of the market's expectations for future currency movements. If the futures market predicts that a currency will appreciate in value, for example, this can lead to increased demand for the currency in the spot market, which can cause its spot rate to rise. Conversely, if the futures market predicts that a currency will depreciate in value, this can lead to decreased demand for the currency in the spot market, which can cause its spot rate to fall.