The EUR/USD pair remains stable around 1.1600, pausing after six consecutive days of gains, following President Donald Trump’s signing of the government funding bill that officially ended the record 43-day U.S. government shutdown.

The U.S. Dollar (USD) stays subdued as investors await clearer signals on the Federal Reserve’s (Fed) next move, amid a murky economic outlook. Weak private employment data has fueled speculation of a potential December rate cut, though recent hawkish comments from Fed officials have slightly tempered those expectations.

On the European side, the Euro (EUR) is drawing strength from the European Central Bank’s (ECB) cautious stance. ECB Executive Board member Isabel Schnabel reaffirmed that interest rates are “absolutely at an appropriate level,” noting that the Bank sees no need for adjustments while core inflation remains near target.