The shared currency of the European Union endured weekly losses against the world's reserve currency on Friday after President Mario Draghi with the European Central Bank said the scope of stimulus measures is likely to widen, according to Bloomberg.
Following adjournment of the ECB policy meeting in Brussels on Thursday afternoon, the body opted to leave interest rates at 0.25 percent and the chief looked forward to next month's meeting.
"The Governing Council is comfortable with acting next time, but before we want to see the staff projections that will come out in the early June," Draghi told reporters on Thursday, according to Bloomberg. "There wasn't a decision today. It's a preview of the discussion we will have next month."
The 18-nation currency fell roughly 0.1 percent against the U.S. dollar on Friday. Weekly slippage registered at about 0.2 percent. The euro has fallen about 5.3 percent during the past 12 months against the greenback.
Rating service Standard & Poor's pushed up the rating of Portugal, Reuters reports. The country said earlier this month that it no longer needs to rely on emergency bailout aid.
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