XE Market Analysis: Europe – Oct 02, 2017

The dollar has been bid in early week trading amid a relatively thin session in Asia, where China, Hong Kong and a number of other nations have been enjoying public holidays. The eruption of the Catalonian independence movement onto the world stage, meanwhile, has soured sentiment for the euro — the first time this long-running issue has had such wide-reaching impact. This follows the Spanish government’s heavy handed attempt to supress the vote, which still went through in any case, with 90% favouring independence, albeit with only a 40% turnout.