The euro fell against a basket of global currencies at the European market opening on Friday, extending its losses for the second consecutive day against the US dollar, moving away from a two-week high, as corrections and profit-taking continue.
Despite this decline, the single European currency, the euro, is on the verge of achieving a weekly gain, especially after the European Central Bank's hawkish meeting, during which it announced a temporary pause in monetary policy easing.
This decision came amid continuing uncertainty regarding the risk of increased US tariffs on economic activity in Europe, which raises doubts about the possibility of a European interest rate cut next September.
Euro exchange rate today: The euro fell 0.1% against the dollar to $1.1734, from today's opening price of $1.17477, and reached a high of $1.1759.
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