EUR/USD Near 1.3350 after ECB’s Cautious Stance

The euro was on the backfoot early on Friday after European Central Bank President Mario Draghi struck a cautious note on the euro zone economy, while lower debt yields pressured the dollar against the yen.

The European Central Bank’s decision on Thursday to leave interest rates unchanged on Thursday was not unexpected, but Draghi said the Ukraine crisis threatened the economy and weakened the euro.

The euro traded little changed at $1.3360 after shedding about 0.15 percent overnight. The common currency, which hit a nine-month low of $1.3333 on Wednesday, stands to lose about 0.5 percent on the week.  The dollar eased to 102.05 yen after the benchmark 10-year U.S.


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