The euro stabilized just above $1.15, rebounding from a seven-week low of $1.139 touched on August 1, as broad dollar weakness followed disappointing US jobs data. The weaker-than-expected July payrolls report, along with sharp downward revisions to May and June figures, fueled expectations that the Federal Reserve will cut interest rates as soon as September. In response, President Trump dismissed a senior Labor Department official, adding to market uncertainty. Money markets are now pricing in two more Fed rate cuts this year, starting in September, while the European Central Bank is expected to hold rates steady. In the Eurozone, annual inflation held at 2.0% in July, slightly above the 1.9% forecast. Meanwhile, investor sentiment remains cautious amid fresh US tariffs, which impose a 15% duty on EU exports to the US.