FOREX TradingCharts.com

Forex News: Euro Slides After Catalan Vote

Euro Slides After Catalan Vote

10/02/2017 - 06:36:00 (RTTNews)

(RTTNews) - The euro weakened against most major currencies in the European session on Monday amid a political crisis in Spain after Catalans voted in favor of independence in a contested referendum.

In the weekend referendum, the Catalonian's voted to leave Spain that opened the door for political turmoil in the province.

In other economic news, final data from IHS Markit showed that the euro area manufacturing sector grew the most in over six-and-a-half years in September.

The final manufacturing PMI climbed to a 79-month high of 58.1 from 57.4 in August, suggesting expansion for the fifty first month in a row. The flash score was 58.2. The German manufacturing sector logged its strongest performance in over six years.

The German manufacturing sector logged its strongest performance over six years in September.

The headline IHS Markit/BME factory PMI improved to 60.6 in September, in line with flash estimate, from 59.3 in August. This was the highest reading since April 2011.

The French manufacturing sector's strong 2017 continued at the end of the third quarter, final data showed. The factory PMI came in at 56.1 versus 55.8 in August. The reading was slightly higher than the flash estimate of 56.0.

Data from Eurostat showed that the euro area unemployment rate remained stable in August at the lowest level seen since early 2009. The jobless rate came in at 9.1 percent in August, the same rate as seen in July. This was the lowest rate since February 2009.

The rate was forecast to drop to 9 percent.

In the Asian trading today, the euro held steady against its major rivals.

In the European trading, the euro fell to a 4-day low of 1.1734 against the U.S. dollar and a 3-week low of 1.1389 against the Swiss franc, from early highs of 1.1815 and 1.1442, respectively. If the euro extends its downtrend, it is likely to find support around 1.16 against the greenback and 1.12 against the franc.

Against the yen, the euro edged down to 132.44 from an early high of 133.07. The euro may test support near the 130.00 region.

Looking ahead, U.S. and Canada PMI for September and U.S. construction spending data for August are due to be released in the New York session.

At 2:00 pm ET, Federal Reserve Bank of Dallas President Robert Kaplan is expected to speak at the El Paso branch of the Federal Reserve Bank of Dallas.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Trading Mixed As The Weekend Approaches (14 min(s), 13 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance Friday afternoon, rising against the Euro ...Full Story»

Dollar Little Changed After U.S. Existing Home Sales (20 min(s), 13 sec(s) ago)
(RTTNews) - Following the release of U.S. existing home sales for September at 10.00 am ET Friday, ...Full Story»

Dollar Mixed Ahead Of U.S. Existing Home Sales (11 min(s), 14 sec(s) ago)
(RTTNews) - The National Association of Realtors' Existing Home Sales for September will be is ...Full Story»

Canadian Dollar Falls As Retail Sales Drop Unexpectedly, Inflation Slows (03 min(s), 47 sec(s) ago)
(RTTNews) - The Canadian dollar dropped against its key counterparts in the European session on Fr ...Full Story»

Loonie Falls After Canada CPI, Retail Sales (01 hr(s), 09 min(s), 47 sec(s) ago)
(RTTNews) - Following the release of Canada inflation for September and retail sales for August at ...Full Story»

Loonie Mixed Ahead Of Canada CPI, Retail Sales (01 hr(s), 18 min(s), 47 sec(s) ago)
(RTTNews) - Statistics Canada will release Canada inflation for September and retail sales for Aug ...Full Story»

Pound Advances Amid Risk Appetite, May's Remarks (02 hr(s), 0 min(s),47 sec(s) ago)
(RTTNews) - The pound strengthened against its major counterparts in the European session on Frida ...Full Story»

Pound Strengthens Against Majors (03 hr(s), 21 min(s), 47 sec(s) ago)
(RTTNews) - The pound climbed against its major opponents in European deals on Friday. The po ...Full Story»

Search

FOREX NEWS

Dollar Trading Mixed As The Weekend Approaches

10/20/2017 - 14:58 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance Friday afternoon, rising against the Euro ...Full Story>>

Dollar Little Changed After U.S. Existing Home Sales

10/20/2017 - 10:05 AM (RTTNews)
(RTTNews) - Following the release of U.S. existing home sales for September at 10.00 am ET Friday, ...Full Story>>

Dollar Mixed Ahead Of U.S. Existing Home Sales

10/20/2017 - 09:56 AM (RTTNews)
(RTTNews) - The National Association of Realtors' Existing Home Sales for September will be is ...Full Story>>

Canadian Dollar Falls As Retail Sales Drop Unexpectedly, Inflation Slows

10/20/2017 - 09:40 AM (RTTNews)
(RTTNews) - The Canadian dollar dropped against its key counterparts in the European session on Fr ...Full Story>>

Loonie Falls After Canada CPI, Retail Sales

10/20/2017 - 08:33 AM (RTTNews)
(RTTNews) - Following the release of Canada inflation for September and retail sales for August at ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.