The dollar majors have posted relatively narrow ranges so far today. EUR-USD has settled around 1.1750 after logging a two-week low at 1.1724 late yesterday. Market participant will remain vigilant on developments in Spain, with Catalonian leaders threatening to unleash mass civil disobedience over the independence issue. A plenary meeting on Thursday’s in Catalan’s regional parliament has become a focal point, and there is some speculation that it may be used a cover for a vote on whether to unilaterally declare independence.
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