The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.
Following a closely-watched meeting on Thursday, the ECB said it will end its massive bond purchase scheme by the end of this year, taking its biggest step towards dismantling crisis-era stimulus.
The euro briefly spiked to a one-month high of $1.1853 (EUR=) following the announcement.
But euro bulls were soon in retreat as the ECB also indicated that it would keep interest rates steady at least through the summer of 2019, reflecting the uncertainties hanging over the euro zone economy.
