The euro is a little lower against the dollar after U.S. data showed a drop in the number of people signing up for jobless benefits and as jitters about the European banking sector persist.
The euro bought $1.2684 in Friday morning European trading, down from $1.2700 in New York late Thursday. The pound slipped to $1.5390 from $1.5430.
This week has seen new jitters about the health of European banks. The euro slid Thursday following reports that Germany's Deutsche Bank AG was considering raising up to (EURO)9 billion in a stock issue. The bank declined to comment.
In other trading, the dollar climbed to 84.04 Japanese yen from 83.90 yen. Japan's government said Friday second-quarter growth wasn't as weak as first thought but unveiled a new stimulus package.