Euro futures hit 1.5-year lows on strong U.S. economic data.

Dan Deming analyzes the latest price action in the FX markets, highlighting the Euro's decline to a 1.5-year low. Euro futures face continued selling pressure, dropping in nine of the last 11 sessions, driven by robust U.S. economic data. Deming notes that solid GDP and ISM figures reinforce the strength of the U.S. economy, supporting the dollar in a higher interest rate environment. This dollar strength is creating broad headwinds across the currency complex, with the British Pound and Australian Dollar seeing pronounced weakness, while the Japanese Yen and Canadian Dollar post more modest losses.