The victory for the Catalonians with 70 seats out of 135 saw the euro dip against the dollar on Thursday, while cryptocurrency Bitcoin tumbled in volatile trading.
In early morning trading the euro dipped 0.4 percent to $1.1817 and settled at 0.2 percent at $1.1851 at the end of trading. Trading was quite with volumes thinned due to the Christmas holidays.
The Catalan President Carles Puigdemont who is in self-imposed exile in Belgium has demanded that the Spanish government drop his arrest warrant and recognize Thursday’s regional election result. The victory has markets concerned over the possible effect it could have on a possible break-up of the euro zone.
Cryptocurrency Bitcoin once more made headline news as it tumbled to below $13,000, down 20 percent and then settled at $14,000. Since Sunday it has lost a third of its value.
US Senate approval of the tax code overhaul is seen as significant and is expected to boost economic growth, at least in the short=term.
The dollar index which measures the US currency against six major currencies gained 0.1 percent at 93.400. Down 0.6 percent for the week.
The dollar was trading at 113.37 against the yen. FX analyst at Sony Financial Holdings in Tokyo, Kumiko Ishikawa said that she expects the dollar to move higher after the Christmas holidays.
According to reports, Haruhiko Kuroda, Governor of the Bank of Japan said that the BOJ was in no hurry to move away from their monetary policy.
Trade Forex with the Leading Social Trading Broker eToro
eToro is a regulated forex and CFD’s broker and is the leading social trading broker offering traders a number of advantages over other brokers. Their unique platform allows traders to copy other top traders with sign-ups via Facebook or Google. Traders can also share posts and comments on other social platforms such as Twitter, LinkedIn and Facebook. Their free demo account comes with $100,000 virtual money for practising trades, which comes with live financial currency market news feeds and is a mirror of the live trading account.
Plenty of Perks
eToro provided traders with competitive trading conditions, low $50 minimum deposit, unique financial tools and graphs, excellent customer support and plenty more perks to enhance profitable trades. With this broker, you will be able to trade not only on the most popular cryptocurrency markets but also other instruments like forex, commodities, shares and indices.
*Trading forex and CFDs can be a risk to your investments. You should only trade with money that you can afford to lose.