The euro traded around $1.175, lingering near its weakest level in a month, as stronger-than-expected eurozone PMI data failed to offset ongoing support for the dollar from hawkish Federal Reserve signals and resilient US economic figures. Recent survey data showed euro area private-sector activity expanded at its fastest pace since November, driven by the sharpest increase in factory activity since August 2025 and firmer growth in services. In Germany, the manufacturing sector expanded for the first time since June 2022. Markets also took note after European Central Bank President Christine Lagarde told The Wall Street Journal she plans to serve out her full term, dismissing earlier speculation about an early departure. In the US, minutes from the Federal Reserve latest meeting revealed policymakers remain divided over the interest-rate outlook, suggesting the next Fed chair could face challenges in pushing through rate cuts.