Euro FX futures slide as inflation data supports dollar.

Euro FX futures experience a near-term pullback following their late August cycle high, navigating a mix of U.S. inflation figures and supportive European economic data. Core PCE in the U.S. held firm at 3.3% year-over-year, keeping higher-for-longer interest rate debates active and providing underlying support for the dollar. Conversely, the euro finds some domestic strength as August PMI figures reflect improving manufacturing conditions, led by Germany. Additionally, German second-quarter GDP saw an upward revision to 0.3%, potentially easing recessionary fears and providing the European Central Bank with flexibility to maintain restrictive policy.