myregister Posted December 23, 2017 Author Share Posted December 23, 2017 The euro looked sagged against the US Dollar following a vote in Catalonia that indicated a separatist victory against Spain. Spanish efforts to muzzle the Catalonia separatist action faced a pretty lucky blow last night. The separatists won slim in the regional parliamentary elections held by Spanish Prime Minister Mariano Rajoy, with the aim of softening the constitutional crisis in the Land of the Matador. After separatist policy makers Catalonia declared independence unilaterally last October, Rajoy declared a power emergency for the first time in Spanish history. Rajoy dismissed the government of Catalonia and enacted direct rule in the region. As a result of that EUR / USD declined 0.3 percent to 1.1837 trimmed weekly gains to 0.7 percent. Meanwhile, EUR / GBP also dragged down, with trading at the number 0.8852. EUR / JPY also down to around 134.25. In addition the Dollar Index, which measures the strength of the US Dollar against major currencies, rose 0.2 percent to 93.450. However, in a week, the Dollar Index declined as much as 0.5 percent. Quote Link to comment Share on other sites More sharing options...
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