Currency converter and the euro was under pressure during the light trading Friday morning. In Spain’s vote on Thursday, the parliamentary group won the pressure and the euro was under pressure from another crisis. The dollar index, which tracks the movement of the greenback against a basket of six currencies, rose to 93.348 and New York closed at 93.305 late Thursday. The euro fell to 1.1854 US dollars, late at 1.1876 on Thursday. On Wednesday, the euro hit a two-and-a-half-week high of $ 1.1901 at currency converter.
In the election of the Spanish local council on Thursday, Catalonia’s three separation parties won the majority of votes. The result was the rejection of the Central Government and Spanish Prime Minister Mariano Rajoy. Rajoy called for the holding of the election and deliberately cracked down on separatism, but the result was not as expected.
Earlier, the Rajoy government took back power in the area, dissolved its parliament and convicted its leaders. Catales Puigdemont fled to Belgium. In this election, the party led by Prudhomme won the largest number of votes, Rappin’s People’s Party vote instead of the least in currency converter.
The United States released a series of economic data, including durable goods orders and personal spending data, including the Fed’s preferred inflation target, but the currency market seldom reacted. Earlier this week, the U.S. dollar remained steady after the United States passed the $ 1.5 trillion tax reform act. Analysts said Spain’s vote this time is an official referendum and not an illegal referendum, making the situation even more difficult currency converter.
The United States announced that durable goods orders rose 1.3% in November, analysts forecast an increase of 2% currency converter. In November, consumer spending rose 0.6% while personal income rose 0.3%. Analysts forecast an increase of 0.5% and 0.4% respectively.
Spain, Catalonia, parliamentary election on Thursday (April 21), three independent parties won the majority vote, the market resurgence of split crisis, the euro tumbled, against the dollar once fell to 1.1817 in the currency converter. Then rebounded slightly. Political turmoil in Catalonia’s referendum in October sparked Spain’s Prime Minister Mariano Rajoy’s coercion to regain control of the area and to re-elect on Thursday, hoping to repel the forces of independence.
According to the “Reuters” report, judging from the 96% of the votes currently cast, three independent political parties have won 70 seats out of 135 seats. Although the number of seats for the last election has dropped, more than half of them still stand. The result of the election shows that the threat of turmoil in Catalonia still exists and there are still political uncertainties. This led to the rapid decline of the euro. But then rebounded, a decrease of 0.3% to 1.1837. The cumulative euro this week there is still 0.7% increase at currency converter. Yutaka Miura, a senior technology analyst at Mizuho Securities, said there is support for the euro around 1.1800, which could limit the rate of decline. Today, before the holiday season, many market participants are on holiday with low liquidity, so they should still be cautious.
Despite the victory of the independence pawn, the independence movement has also been divided and it is very difficult to choose a referendum route. Some people believe that the next should seek to negotiate with the Rajoy government in Spain for independence. Separatist leader Carles Puigdemont said in Brussels that the result of the election was “Republic of Catalonia” defeating Spain.
USD did not care about the series of economic data on Thursday, the price changes little. Investors assess the impact of the tax reform act passed on Wednesday. The dollar index, which tracks the movement of the greenback against a basket of six currencies. It edged down slightly to 93.305 while New York reported 93.357 late Wednesday. The dollar reported 113.47 yen, 113.39 Wednesday late reported at the currency converter.
The euro slipped to $ 1.1865 and late at 1.1873 on Wednesday. On Wednesday, the euro hit a two-and-a-half-year high of 1.1901 U.S. dollars before it closed again. The parliament passed a $ 1.5 trillion tax reform bill on Wednesday. Lowering the corporate tax, keeping the dollar roughly steady. The bill is only signed by President Trump.
Bank of Japan decided to maintain the same monetary policy, as expected, the dollar gained some support against the yen. On Thursday, investors were focused on economic data, anticipating a downturn ahead of Christmas and New Year’s holidays.
People in Catalonia vote for a new local council, the euro may be hot deal. In this election, parties that support independence may win. However, polls show that the group may win less seats than the 2015 election. In the end, many people think that voting does not solve the problem of separation in the region. This election is due to the referendum in October. In this referendum, this wealthy region declared its independence from Spain. The Central Government subsequently intervened, exercised direct management, expelled its leaders and announced the new elections.
Analysts said the euro may be lower in this election if support for an increase in the number of independent parties. The Bank of Japan today decided to maintain its policy unchanged. Economic growth is good, but inflation is still low. The yen weakened slightly in the currency converter.
In economic terms. The Philadelphia Fed said its manufacturing index rose to 26.2 in December. Declining to 21.8 and 22.7 in November. The gross domestic product (GDP) of the United States in the third quarter revised down from a growth of 3.3% to a growth of 3.2%. In the week ended December 16. The number of initial claims for unemployment benefits in the United States increased by 20,000 to 245,000.