Euro futures faced renewed selling pressure, dropping to a seven-week low as strong U.S. economic data provided a tailwind for the U.S. dollar. Weekly jobless claims and regional manufacturing figures came in better than anticipated, weighing on most major foreign currency markets. While the Euro retreated to levels not seen since November, the Australian dollar defied the broader trend. The currency found relative support due to a hawkish outlook from the RBA, maintaining higher price action while other FX futures struggled against the greenback.
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