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Euro slides on Catalan vote; bitcoin plummets


The euro fell against the dollar on Friday after Catalan separatists won a regional election, prompting worries about the possible break-up of the euro zone’s fourth-largest economy, APA reports quoting Reuters.

 

Spain’s government had hoped that the Catalan election would strip pro-independence parties of their control of the regional parliament and end their campaign to force a split. But with 96 percent of ballots counted in a vote to elect Catalonia’s regional parliament, separatist parties are seen winning 70 seats out of 135.

 

“The euro dipped on the (Catalan) headline but it is not obvious that the vote advances the issue one way or the other and the euro found good support on dips,” said Shaun Osborne, chief FX strategist at Scotiabank in Toronto.

 

The euro slid 0.3 percent to $1.1835. Europe’s common currency though was still up nearly 13 percent so far this year, on track for its best yearly performance in 14 years.

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EXCHANGE RATE
FOREX
/ 22 January, 2018

USD
1.7001
 
EUR
2.0849
 
RR
0.0301