The euro climbed to $1.178, its strongest level since late September, bolstered by broad dollar weakness, as mixed US data reinforced the view that Fed can continue with interest rate cuts. Nonfarm payrolls rose by 64K in November, beating expectations, while an October estimate showed a 105K decline and the jobless rate climbed to 4.6%, its highest level since September 2021. Meanwhile, investors pared back expectations for additional ECB easing after officials signaled that further cuts may not be necessary in 2026. President Christine Lagarde indicated that the central bank will raise Eurozone growth projections next week, as the economy shows resilience amid ongoing trade tensions. In France, political risks eased slightly after the National Assembly narrowly approved next year’s social-security bill, providing a temporary boost to Sebastien Lecornu’s minority government as attention now turns to the uncertain passage of the broader state budget.