The euro weakened for a sixth day against the yen on Friday, dropping below 100 for the first time since June 2001, on concern Europe's debt crisis will weigh on the region's economic growth.

The 17-nation currency also fell against the dollar, setting it up for its first back-to-back annual decline versus the greenback since 2001, before a report next week that economists say will confirm European manufacturing shrank for a fifth month.

The Australian and New Zealand dollars rose as stocks gained before reports expected to show the U.S. economy is recovering. China's yuan hit a 17-year high on signs the central bank favors the currency's appreciation to prevent capital outflows.