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Euro near 9-year low, dollar firm
The euro wallowed near a nine-year low on Friday on growing expectations the European Central Bank will embark on quantitative easing, while the dollar held firm before U.S. jobs data that could cement the case for a rate hike by the Federal Reserve.
ECB President Mario Draghi said the bank's Governing Council stands ready to take unconventional measures if needed to stem a prolonged period of low inflation, fuelling expectations of a policy move later this month.
The euro stood at $1.1806, having hit a nine-year low $1.1754 on Thursday as traders grew more convinced that the ECB might start buyingeuro zone sovereign debt.