Euro Down on Catalan vote


On Friday, The Greenback traded high vs. a basket of major currencies, but it remained on track for weekly declines, while the single currency declined after indicated a victory for separatists in a blow to Madrid. On the release front, markers are awaiting Durable Goods Orders index, which is expected to hit 2.0% from -0.8%.

  • The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down by 0.09% at 93.364 pips.


The common currency declined after pro-independence parties in Catalonia won an absolute majority in regional elections yesterday. The EUR fell as much as 0.13% vs. the USD, to settle at $1.1860.


The Sterling pound fell as much as 0.11% vs. the Greenback, to settle at $1.3371.


Against the JPY, the USD rose slightly by 0.02%, to settle at ¥113.36. Yesterday, the BOJ Governor Haruhiko Kuroda reinforced anticipations that the BOJ was in no hurry to move away from its ultra-loose monetary policy.


Earlier today, Gold prices continued to hover near their highest levels in two-and-a-half week, despite a mild rebound in the USD as trading volumes are expected to remain weak before the Christmas holiday. Gold Futures - Feb 18 (GCG8) rose by 0.07%, to settle at $1,271.50.


Oil prices traded lower negatively affected by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea. However, oil markets remained well backed by ongoing supply cuts led by Russia and OPEC.

Crude Oil WTI Futures - Jan 18 (CLF8) fell as much at 0.46% at $58.09 and Brent Oil Futures - Jan 18 (LCOF8) was down by 0.29% at $64.71.

The most important economic events:

  • CAD Gross Domestic Product (YoY) (OCT): (GMT 13:30) – Important – Forecast (3.5%) – Previous(3.3%).
  • USD PCE Core (YoY) (NOV): (GMT 13:30) – Important – Forecast (1.5%) – Previous (1.4%).
  • USD Durable Goods Orders (NOV P): (GMT 13:30) – Important – Forecast (2.0%) – Previous (-0.8%).

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