Euro Set for Longest Losing Streak in Its History, US Payrolls Loom

Euro Set for Longest Losing Streak in Its History, US Payrolls Loom
Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

SINGAPORE/LONDON—The euro was heading on Friday for a record twelfth week of declines against the dollar, unless U.S. jobs data later in the day push the currently all-dominant greenback lower.

The European common currency was last up a fraction on the day at $1.0575, moving off Tuesday’s 10-month low of $1.0448 but still set for a further small weekly decline making that streak the longest since its launch in 1999.