XE Market Analysis: North America – Oct 02, 2017

The dollar has rallied in early-week trading, particularly against the euro, which has taken a hit on the eruption of the Catalonian independence movement onto the world stage — the first time this long-running issue has had such far-reaching impact. This follows the Spanish government’s heavy handed attempt to supress Catalonia’s self-automated vote for independence on Sunday, which still went through with 90% favouring independence, albeit with only a 40% turnout. Barcelona FC was forced to play a La Liga match in an empty stadium as a consequence.