Thursday saw the shared currency of the European Union notch a sixth straight day of gains against the monetary unit of Japan, Bloomberg reports.
But the 17-nation currency lost value against 16 other rival monetary units as expectations gained momentum about President Mario Draghi with the European Central Bank readying to outline the program for bond purchases, which he first made reference to in September.
On Thursday, Spain conducted a debt auction and sold two-, three- and five-year notes as speculation continued as to when the country will move forward with a request for international bailout aid as a salve for the troubled banking sector.
"People are a little bit more confident that the situation in Spain may be a little bit clearer than it has been up to this point and we're edging towards a bailout, which reduces the near-term risks around the euro," senior foreign-exchange strategist Paul Robson with Royal Bank of Scotland Group in London told the news source.
As the U.S. Labor Department prepares release of its jobs report on Friday, market participants were being cautious, according to Reuters.
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