Euro Slips Below Parity, Yen Steady Ahead of BOJ

Euro Slips Below Parity, Yen Steady Ahead of BOJ
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Reuters
Reuters
Updated:

SINGAPORE—The euro held below parity on Friday as investors eyed a potential slowdown in future rate hikes by the European Central Bank, while the yen was on track for its best week in over two months ahead of a key central bank policy decision.

The euro was last 0.05 percent lower at $0.9960, following a more than 1 percent slide overnight, after the ECB raised rates by 75 basis points, as expected, but took a more dovish tone on its rate outlook.