European markets were set to open mixed on Friday morning, as investors tracked a massive storm nearing the U.S. while the dollar skidded against the euro after comments from European Central Bank (ECB) President Mario Draghi.

Britain’s FTSE 100 is seen 1 point lower at 7,391; the German DAX is also expected to open down by around 1 point at 12,301 while the French CAC is poised to open 1 point higher at 5,115.

Wall Street ended little changed in the previous session, as investors continued to follow the movements of Hurricane Irma. The category 5 storm is projected to hit Florida over the weekend.

Meantime, the ECB kept its benchmark interest rate unchanged Thursday and said it stands ready to increase its asset purchase program if needed. Draghi said low inflation rates meant that a “substantial degree” of monetary policy remained necessary until the end of the year at least. But he added the central bank would decide in the fall – at its October meeting – on the status of its bond-buying program for next year.

The dollar index, which tracks the greenback against a basket of six major currencies, fell 0.46 percent to 91.237 during Asian trade. The U.S. currency is on course to fall 1.8 percent this trading week.

Elsewhere, geopolitical tensions regarding North Korea showed little sign of abating on Friday. The isolated regime will observe the anniversary of the founding of the nation on Saturday, prompting concern that Pyongyang may conduct another nuclear test – as it did on the same day a year ago.

— CNBC’s Karen Gilchrist contributed to this report.