The euro climbed above $1.17 at the start of September, extending August’s 0.8% gain and hovering near its strongest level since late July on broad dollar weakness. Investors are watching US labor market data this week for clues on the size of a Federal Reserve rate cut later this month. The dollar has also been weighed down by concerns over Fed independence, after a court hearing on President Trump’s bid to remove Fed Governor Cook ended without a ruling, keeping her in place for now. Meanwhile, trade uncertainty lingered: US Trade Representative Jamieson Greer said talks with partners were ongoing despite a federal appeals court decision declaring most of Trump’s tariffs illegal. Last week, the European Commission proposed scrapping tariffs on US industrial goods, a step that could trigger a retroactive cut in US tariffs on European cars.