A survey on job openings indicates a slowdown in the U.S. labor market, supporting the Federal Reserve's dovish monetary policy outlook. Investors have already anticipated that the Fed will cut interest rates twice this year.

However, concerns remain over the possibility of escalating U.S. tariffs under Trump. Additionally, there are further signals from the European Central Bank (ECB) suggesting continued monetary easing, which has directly impacted the euro.

Source: Fxstreet