XE Market Analysis: North America – Oct 17, 2017

EUR-USD declined for a fourth consecutive session, this time logging a out a one-week low at 1.1754, while the common currency has remained heavy after posting lows versus the yen and other currencies yesterday. The prevailing disharmony in Spanish politics is weighing on the euro, particularly news that a Spanish judge has jailed without bail two key members of the Catalan independence movement, which raises concerns that this will only enflame ineradicable-willed Catalan nationalists.