Euro Falls Second Week on Signs ECB Policy to Diverge With Fed
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ECB cuts inflation forecasts, raises cap on bond purchases
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Dollar advances for second week before U.S. payrolls Friday
The euro headed for its first two-week decline against the dollar since July after the European Central Bank cut its economic forecasts and signaled it may expand stimulus.
The 19-nation common currency weakened against all of its 16 major counterparts Thursday after the ECB raised the limit on bond purchases per issue under its quantitative-easing program and President Mario Draghi said that officials are willing, ready and able to act. A gauge of the dollar climbed for a second week before U.S. payrolls on Friday that will help investors weigh whether the U.S. economy is strong enough for the Federal Reserve to raise interest rates this year. The Australian dollar dropped to a six-year low, while the yen headed for a third weekly advance…
Euro Falls Second Week on Signs ECB Policy to Diverge With Fed
