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Euro near nine-year low, dollar firm ahead of U.S. jobs data
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. The euro stood at $1.1792 EUR=, having hit a nine-year low $1.1754 on Thursday as traders grew more convinced that the ECB might start buying euro zone sovereign debt as soon as this month. "We note that ... (full story)