Euro FX futures slide to 16-month lows as dollar finds support.

Euro FX futures extend their decline for a fourth consecutive session, falling roughly 0.75% to 1.1274 and marking their lowest levels since mid-May 2025. The selloff is primarily driven by sustained strength in the U.S. dollar, which remains near the top of its recent range despite a downward shift across the Treasury yield curve following comments from Federal Reserve officials. Additional pressure on the euro stems from ongoing inflationary and energy-related concerns in the eurozone heading into the winter months. Broad dollar strength is also weighing on other major currencies, with the British pound sliding toward its lows for the year and the Australian dollar facing renewed pressure, while the Japanese yen remains bound within its multi-month range.