The dollar snapped three days of gains against the euro before reports that may show U.S. housing starts fell to a 17-year low and consumer confidence slumped to the weakest in 26 years. The U.S. currency pared its weekly advance versus the euro after European Central Bank policy makers signaled they are unlikely to cut interest rates that are double those in the U.S. The yen was set for its biggest weekly decline in a month versus the dollar and euro as Asian stock gains encouraged investors to increase holdings of higher-yielding assets funded in Japan.

Full story: bloomberg.com