FX.co ★ Euro Rises Amid Dollar Slump

The euro advanced towards the $1.17 mark, driven by a general weakening of the dollar, assertive comments from European Central Bank (ECB) officials, and progress on France's 2026 social-security budget. The US Federal Reserve implemented the anticipated rate cut and suggested a probable pause in January, as policymakers await further data to better evaluate the economic outlook. Meanwhile, investors reduced their expectations for additional easing measures from the ECB following indications from officials that further cuts may be unnecessary in 2026. President Christine Lagarde mentioned that the central bank plans to revise upward its growth projections for the Eurozone next week, attributing it to the economy's resilience despite ongoing trade tensions. In France, political risks diminished slightly after the National Assembly narrowly approved the social-security bill for next year, temporarily strengthening Sébastien Lecornu’s minority government, as attention now shifts to the uncertain approval of the broader state budget.