BERLIN (AP) — The dollar is steady against the euro as markets await what is expected to be a weak U.S. job report and digest the Federal Reserve’s decision to pump billions more into the financial system.
The 16-nation euro bought $1.4211 in Friday morning European trading, about the same as in New York late the previous day and short of its nine-month high of $1.4281 earlier on Thursday.
The Fed on Wednesday announced it would embark on another round of monetary easing, a move aimed at reinvigorating the economy but which makes the dollar a less attractive investment by lowering interest rates. The Labor Department’s October jobs report is due Friday.
In other trading, the pound slipped to $1.6211 from $1.6284 and the dollar was static at 80.66 yen.