The Russian rouble led declines among emerging market currencies on Friday, following strong gains earlier in the week, while regional stocks hovered near record highs on optimism around more U.S. stimulus.
World shares dipped on Friday as investors awaited progress towards more U.S. fiscal stimulus, while the dollar was set for a weekly loss and cryptocurrency Bitcoin hit a record high.
Mario Draghi, the former head of the European Central Bank, was sworn in as prime minister on Saturday to lead a unity government that has to steer Italy out of the coronavirus crisis and an economic slump.