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Everything is going in favor of EUR/USD: the situation in Spain seems to calm down and a US figure misses expectations. The pair has already reached a high 1.1857, extending the gains that were driven by Puigdemont’s speech yesterday. In Spain, PM Mariano Rajoy made a short statement in which he gave an ultimatum to [...]
The post EUR/USD continues higher as Rajoy speaks again, JOLTs miss appeared first on Forex Crunch.
Spanish PM says that the speech yesterday by Puigdemont leaves a lot of uncertainty and wants clarifications. If this indeed a declaration of independence, he vows to activate Article 155 and suspend the Catalan autonomy. This extends the drama a bit further. The Catalan crisis begins looking like the Greek crisis – a neverending one. [...]
The post Rajoy asks Puigdemont to clarify independence speech before suspending the autonomy appeared first on Forex Crunch.
Catalonia’s President Carles Puigdemont said that the region earned the right to independence but suspended the decision in order to open the door for a dialog. The speech left many people confused. Is it a climb-down? Will Spain accept a dialog? It seems that at least for now, tensions are lower. EUR/USD reacted positively and [...]
The post EUR/USD continues drifting higher Spain’s response is awaited appeared first on Forex Crunch.