Euro futures fell for a third session as the dollar firmed.
Dan Deming of KKM Financial breaks down the latest price action in the FX markets, focusing on the recent slide in Euro futures. The currency fell for a third consecutive session, trading back into the middle of its one-month range near 1.144. Deming discusses the primary catalysts behind the move, highlighting how escalated tensions in the Middle East are providing short-term support to the U.S. dollar. Additionally, he analyzes the impact of the latest ECB economic report, which has added further pressure to the euro. While British Pound futures and Japanese Yen futures also showed weakness, Australian Dollar futures managed to find support as an outlier.
Dan Deming of KKM Financial breaks down the latest price action in the FX markets, focusing on the recent slide in Euro futures.
The currency fell for a third consecutive session, trading back into the middle of its one-month range near 1.144.
Deming discusses the primary catalysts behind the move, highlighting how escalated tensions in the Middle East are providing short-term support to the U.S. dollar.
Additionally, he analyzes the impact of the latest ECB economic report, which has added further pressure to the euro.
While British Pound futures and Japanese Yen futures also showed weakness, Australian Dollar futures managed to find support as an outlier.