Euro Set for 3-Week Decline as ECB Stimulus Contrasts With Fed
Draghi's ECB News Conference in Two Minutes
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The euro headed for a third weekly drop before the European Central Bank starts buying bonds and the U.S. releases jobs data that may back speculation the Federal Reserve will raise interest rates this year.
The shared currency dropped below $1.10 for the first time since September 2003 and tumbled for a sixth day on Thursday as ECB President Mario Draghi set a start date of Monday for his plan to purchase 1.1 trillion euro ($1.2 trillion) of debt. A gauge of the dollar rallied to the highest in more than 10 years as economists estimated data on Friday will show gains in nonfarm-payrolls stayed above 200,000 for a 12th straight month.