The Euro Plummeted Due To The Victory Of The Separatist Party Of Catalonia

The Euro Plummeted Due To The Victory Of The Separatist Party Of Catalonia
This morning, the Euro looks jeblok against the U.S. dollar following the results of the vote in Catalonia separatist party victory to indicate against Spain. EUR/USD decline 0.3 per cent towards numbers 1.1837 so the news was revealed.

When this news was written, the EUR/USD traded at 1.1849. Thus, the currency pair trim rising 0.7 percent to rotational basis. Meanwhile, the EUR/GBP is the co-designer dragged down, with the number traded in 0.8852. EUR/JPY too lowly to 134.25 range.

"There is support in the range of USD/EUR 1.1800 predicted will limit the decline in the Euro," said Yutaka Miura, senior technical analyst at Mizuho Securities. "At the moment, ahead of the holiday, many market participants are already distancing themselves from trade, so that liquidity is quite low. So, we should still keep an eye on with tight, "suggestions that Miura quoted from Reuters.

The dollar index, which measures the strength of the U.S. dollar against the currencies of major currencies, rose 0.2 percent to 93,450. However, within a week, the dollar index has decreased by as much as 0.5 percent.

The Separatist Party Of Catalonia Won Regional Parliamentary Elections
Spain's efforts to suppress separatist action Catalonia faced a fairly disastrous blow last night. The separatist party won regional parliamentary election in the thinly held by PM Spain Mariano Rajoy, with the aim to soften the constitutional crisis in the country the Matador.

After Catalonia separatist policy makers declared independence unilaterally in October then, Rajoy announced emergency powers for the first time in the history of Spain. Rajoy dismissed the Government of Catalonia and impose direct rule in the region.

Rajoy then called for a new election to be held in the regional Parliament, with the hope of me-a reshuffling of political structures and calculate how much voter of the Parliament of Catalonia that supports it.

This vote is now backfire for PM Rajoy. The hope of the Government of Spain so that the separatist movement vanished precisely, threatened extinction. As a result, 96 percent of the ballots had been counted to choose regional Parliament of Catalonia, showing that the separatist parties won 70 of a total of 135 seats. This condition while it makes the depressed Euro currency against other major currencies.

Thanks for reading & sharing Pedia Forex trading