Euro steadies as French protests ease; pound and yen firm

On Tuesday, the euro remained relatively stable as protests in France subsided, though bond yields remained elevated and pressured the currency. In the United Kingdom, a recovery in the labor market following positive jobs data buoyed the pound sterling. Meanwhile, the Japanese yen experienced a rebound after a record high bid for longer-term Japanese bonds, snapping a two-day decline and contributing to a drop in the U.S. dollar.

In France, authorities imposed curfews in several cities to quell nationwide anti-government demonstrations that have cast uncertainty over President Emmanuel Macron's final months in power. The lower house of the French parliament is scheduled to vote on the revenue portion of the proposed 2027 budget on Tuesday, keeping the country in the international spotlight.