XE Market Analysis: North America – Oct 03, 2017

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The euro recovered a good chunk of the ground it lost yesterday. EUR-USD lifted to 1.1750 from lows just under 1.1700, EUR-CHF trading back above 1.1450, and EUR-JPY, among other euro crosses, also gained. The rise was concomitant with a stabilisation on the Spanish stock market as investors move on from the ugly scenes from the weekend’s auto-mandated independence vote. The EU, mindful of other independent-minded regions in Europe, and not wanting to set a precedent, stressed that an independent Catalonia won’t get EU membership.