• / Free eNewsletters & Magazine
  • / My Account
Home>Euro extends losses after chaotic independence vote in Spain

Euro extends losses after chaotic independence vote in Spain

Euro extends losses after chaotic independence vote in Spain

10/02/2017

By Barbara Kollmeyer, MarketWatch

Dollar higher across the board

The euro tumbled on Monday, notably against the dollar a day after an independence referendum in a wealthy region of Spain turned violent, with hundreds injured as police and voters clashed.

Where are currencies trading?

The ICE U.S. Dollar Index , which measures the buck against a basket of six major rivals, rose 0.6% to 93.618. The WSJ Dollar index , which compares the dollar to 16 other currencies, was up 0.5% to 86.70.

Among the biggest movers, the euro slid to $1.1740 from $1.1814 late Friday in New York. The euro also slipped against the British pound to GBP0.8805 from GBP0.7463 late Friday.

What's driving the euro?

More than 800 people in the northeastern region of Catalonia were injured in clashes with police (http://www.marketwatch.com/story/chaos-clashes-and-hundreds-of-reported-injuries-as-catalans-go-to-the-polls-in-vote-that-could-split-spain-2017-10-01), as they cast ballots, or tried to, in a vote Sunday that the central government had declared illegal. The region's leaders said the referendum results were overwhelmingly in favor of independence (http://www.marketwatch.com/story/catalonia-leader-with-90-approval-we-have-the-right-to-be-independent-2017-10-01) with 90% of 2.02 million votes in favor of a split. A declaration of independence could be declared in days, as separatists have a majority in Catalan parliament.

©2017 Morningstar Advisor. All right reserved.