European Single Currency Remains Firm Against US Dollar
The euro is trading near a two-week maximum. The euro found support this week, after Catalonia could not officially declare independence from Spain. Spanish Prime Minister Mariano Rajoy on Wednesday gave the Catalan government eight days to abandon the application for independence. At the auctions in Asia, the euro traded at $1.1868, well above the low of $1.17, which was observed last week.
The US dollar continued to decline after yesterday's publication of the minutes of the September meeting of the Fed. The FOMC protocol confirmed the possibility of an increase in the interest rate in December.