Pro-independence parties win seats in bitcoin currency code sek to Madrid. Join the NASDAQ Community today and get free, instant access to portfolios, stock ratings, real-time alerts, and more!
The euro fell against the dollar on Friday after Catalan separatists won a regional election, prompting worries about the possible break-up of the euro zone’s fourth-largest economy. Spain’s government had hoped that the Catalan election would strip pro-independence parties of their control of the regional parliament and end their campaign to force a split. But with 96 percent of ballots counted in a vote to elect Catalonia’s regional parliament, separatist parties are seen winning 70 seats out of 135. Shaun Osborne, chief FX strategist at Scotiabank in Toronto. Europe’s common currency though was still up nearly 13 percent so far this year, on track for its best yearly performance in 14 years.
The dollar, meanwhile, was little moved by Friday’s mixed batch of economic data. November and shipments of key capital goods orders increased for the 10th straight month. However, household savings dropped last month to their lowest in more than nine years. Low savings suggest the strong pace of consumer spending is unlikely to be sustained unless there is a significant pickup in wage growth. Friday’s most eye-catching mover was once again bitcoin, although this time because of losses. The dollar index, which measures the U.
For the year, however, the index was down 8. One immediate threat to dollar bulls was removed on Thursday, as the U. Senate approved a bill to fund the federal government through Jan. 19 and avert agency shutdowns ahead of a Friday midnight deadline. The bill now goes to President Donald Trump to sign into law.
Congress also approved the most significant U. The dollar was steady against the yen at 113. On Thursday, Bank of Japan Governor Haruhiko Kuroda reinforced expectations that the BOJ was in no hurry to move away from its ultra-loose monetary policy. Enter up to 25 symbols separated by commas or spaces in the text box below. These symbols will be available during your session for use on applicable pages.