The euro traded lower against the dollar on Friday as investors refocused on eurozone debt issues ahead of meetings by finance officials in Brussels. A meeting of Eurogroup finance ministers, followed by an Ecofin meeting of EU finance ministers on Monday, could provide further direction to the single currency and the euro is likely to remain pressured until at least after investors digest any outcome.
The euro was 0.8 percent lower on the day at $1.4129, near the session low of $1.4128 and but well off the day's high at $1.4339, according to Reuters data. The euro fell 1.9 percent against the dollar this week at current prices, adding to a 3.1 percent decline the prior week.
The dollar fell 0.1 percent against the yen on the week, its fifth straight week of declines, at current prices. The dollar was down 0.5 percent against the yen at 80.57 yen on Friday. The euro fell 1.2 percent against the yen to 113.90 yen, just off the session low, with the fall accelerating after Trichet's comments.
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