Economic news

Euro on track for biggest weekly fall in six weeks

The euro dropped by a third of a percent on Friday, on course for its biggest weekly decline in six weeks as traders bought the greenback on anticipations the Federal Reserve may signal more interest rate hikes next year.

The common currency slipped 0.3 percent to $1.17325, set for a weekly loss of 1.4 percent this week.

Investors also focused on the U.S. non-farm payrolls report later in the day, as employment is predicted to increase another 200,000 in November.

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