The EUR/USD pair remains firm around 1.1540 in Friday’s late Asian session, supported by a fragile US Dollar as labor market concerns weigh on sentiment.

The latest US Challenger Job Cuts report showed 153,074 layoffs in October, a sharp rise from September and last year, driven largely by AI adoption and corporate cost-cutting. Weakening job demand has slightly boosted expectations that the Federal Reserve may hold rates steady in December, with the CME FedWatch Tool pricing the probability of a pause at 33%, down from 38% midweek.

Meanwhile, the Euro remains steady as ECB officials signal no urgency to change policy. ECB Vice President Luis de Guindos commented that current interest rates are appropriate, noting optimism on services inflation and growth.

Overall, the pair’s strength reflects US dollar softness amid cooling labor demand and a dovish tilt for the Fed, while the ECB maintains a steady policy outlook.