The euro slipped further below the $1.14 mark on Friday, retreating from Thursday’s six-week high of $1.149, as a stronger-than-expected US jobs report boosted the dollar. The US added 137,000 jobs in May, slightly above the forecast of 130,000, while the unemployment rate held steady at 4.2% and wage growth accelerated to 0.4%, surpassing expectations of 0.3%. In Europe, investors continued to digest the ECB’s widely expected 25-basis-point rate cut and President Christine Lagarde’s signal that the easing cycle may be nearing its end. The central bank also lowered its inflation forecasts for 2025 and 2026, citing softer energy prices and a stronger euro. Also, ECB policymaker Yannis Stournaras told Bloomberg that the eurozone has achieved a soft landing and that most rate cuts are likely behind us, though uncertainty persists - particularly around the potential impact of new tariffs.