Stocks are Mixed Amid a Euro Surge
European stocks are expected to open lower Friday as ongoing weakness in the U.S. dollar keeps regional currencies elevated as investors count the economic impact of this historic Hurricane season on the world's biggest economy.
Britain's FTSE 100 is likely to drift around 0.15% at the start of trading, according to financial bookmakers IG, with similar percentage declines anticipated for markets in Germany and France as the euro rises to 1.2085 against the greenback, the highest level since January 2015.
The currency was boosted during European Central Bank President Mario Draghi's Thursday question-and-answer session with the media, where he said that while he remained confident inflation would "eventually" converge to the Bank's 'just below 2%' target amid a "robust and broad-based" Eurozone recovery, now was not the time to plot an exit from easy monetary policy.
Watch More with TheStreet:
