Forex - Euro Drops as Catalan Independence Parties Win Local Vote

Posted by Forexsq 1095 days ago (
img forexsq - The euro fell for the first time in six days against the yen before European finance ministers reconvene in Brussels to decide on aid for Greece.

The 17-nation currency weakened versus all but two of its major counterparts as European stocks declined, damping demand for the region’s assets. The euro also dropped after pro- independence parties in Spain’s Catalonia won a majority in a regional vote, underpinning a drive for a referendum on secession in defiance of Spanish Prime Minister Mariano Rajoy. The yen strengthened as a technical indicator signaled the currency’s recent decline may have been excessive.

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