US Dollar Rose Versus Major Currencies

Forex News

The US dollar rose against the euro, as investors are watching the consequences of voting in Spain in Catalonia. On Sunday, a referendum on independence from Spain was held in Catalonia, which Madrid considers illegal.

Markets are still focused on the next Fed Chair and the US tax reform, which should become the main factors for the US dollar this week. President Trump advised that he expects to decide on the next Fed Chair in the next two to three weeks.

The Japanese yen weakened against the US dollar, despite positive economic data from Japan. The index of major manufacturers Tankan, published by the Bank of Japan and reflecting the general business conditions for large Japanese manufacturing companies, rose to +22 in the third quarter and this is the highest since September 2007.