On Tuesday, the U.S. dollar remained close to its lowest levels in several weeks against major currencies, influenced by disappointment over Friday’s weaker-than-expected jobs report. Traders were awaiting insights from Federal Reserve Chair Jerome Powell’s testimony for hints about future interest rate decisions.

Meanwhile, the euro stabilized following significant fluctuations on Monday, as investors processed the implications of a hung parliament in France. This outcome suggests possible political deadlock while alleviating worries about extreme right-wing or leftist policies that could affect fiscal policies.