Today at the beginning of the trading day the euro began to weaken its position on the background of elections in Catalonia, as supporters of Catalan independence won. They won a majority and now have 70 seats in parliament out of 135. Soon, however, the EUR/USD pair won back its lost ground. Despite the relative lull, the situation in Spain has again started to have a negative impact on the single currency.
The dollar was supported by the adoption of new tax rules, which is projected to be able to accelerate the pace of economic growth. Further support was also found in the approval of the bill about the continued funding of the government's work until January 19.
GDP data released yesterday was lower than projected, however, it showed a record growth in the US economy for the last two years.
Today we expect from the US publication of data on the housing market and the index for durable goods. Despite the output of a number of important macroeconomic indicators, we can see the market is in turmoil in different directions, as many investors want to fix their profits before the Christmas holidays.
Today we are seeing a record reduction in Bitcoin, the major cryptocurrency, after reaching record highs, which may indicate investors are trying to lock profits.
We remind you that on the 25th of December the exchanges are working.
Have a nice weekend and a merry Christmas!
