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The euro rose marginally against the U.S. dollar on Wednesday, but came off session highs, after a widely expected collapse of the French government following a no-confidence vote by opposition lawmakers. The greenback, on the other hand, was little changed overall, as the December interest rate cut chances remained on track amid signs that the American economy was slowing. The South Korean won, one of the biggest movers on Tuesday, rose against the dollar, bolstered by suspected central bank intervention and the finance ministry\'s pledge of \"unlimited\" liquidity support to markets. That came a day after South Korean President Yoon Suk Yeol declared martial law in a late-night television address, only to lift it hours later. The euro was slightly up against the dollar at $1.0512 after far-right and left-wing lawmakers joined forces to back a no-confidence motion against Prime Minister Michel Barnier and his government, with a majority 331 votes. Barnier is expected to tender his resignation and that of his government to President Emmanuel Macron shortly. \"At this point, it really becomes a question of how much worse the situation gets from here,\" said Eugene Epstein, head of trading and structured products, North America, at Moneycorp in New Jersey. \"We don\'t have any kind of clarity on what the outcome of the votes is going to be and how long essentially the budget is used as leverage to get all the parties\' political interest sorted.\" Three sources told Reuters that French President Emmanuel Macron aims to install a new prime minister quickly if his government falls on Wednesday. Barnier\'s removal would deepen the political crisis in the euro zone\'s second-largest economy, and could further weigh on the euro. Investors also digested comments from European Central Bank President Christine Lagarde in a parliamentary hearing on Wednesday. She said the ECB will continue to lower rates, but did not commit to any pace of easing. The ECB will next meet on Dec. 12, and economists overwhelmingly expect another 25 basis-point (bp) rate cut, the fourth such move this year. FED SEEN STILL CUTTING RATES IN DECEMBER In the United States, the dollar index was flat at 106.33. Wednesday\'s data did not shake expectations of an interest rate cut later this month. U.S. private payrolls increased at a moderate pace in November, but it came below expectations, while annual wages for workers staying in their jobs edged up for the first .. At the same time, the U.S. services sector activity slowed in November after posting big gains in recent months. The Institute for Supply Management\'s non-manufacturing purchasing managers index slipped to 52.1 last month after surging to 56.0 in October, the highest since August 2022. Economists polled by Reuters had forecast the services PMI easing to 55.5. U.S. fed funds futures raised the chances of a 25-bp cut this month to 78%, from 73% late Tuesday, while reducing the odds of a pause in e ..