Forex — Euro, 1-Week-High, New Zealand Dollar Skids

© Reuters. Euro hits 1-week high, new Zealand dollar skids — The euro rose to one-week highs on Thursday as investors shrug with a shrug shrugged off political uncertainty in Spain next week, the European Central Bank, while the new Zealand dollar slipped to the lowest level in five months.

EUR/USD was up 0.46% at 1.1840, the strongest level since 13. October from 08:45 AM ET (12:45 GMT).

The Spanish government said on Thursday, to block that he is willing to Catalonia’s autonomy and impose direct rule in the region, President Carles Puigdemont refused to abandon the push for independence.

The investors were to announce, with a view to the future of the coming week’s ECB meeting where the Central Bank was expected that it will soon start tapering its asset-buying stimulus program.

The dollar was lower against the yen, with USD/JPY down 0.49% to 112.38 after hitting a two-week high of 113.15 overnight, as investors focused remained on the next leadership of the Federal Reserve.

The dollar has been boosted in recent sessions by expectations that President Donald Trump could select a more hawkish Fed leader Yellen as the current chair is Janet.

The new Zealand dollar was significantly lower, the NZD/USD to fall to 1.75% and 0.7024, putting it on track for its biggest one-day percentage drop in a year.

The drop in the kiwi came after a surprise election result has sparked concerns that the new government could pursue a policy that would lead to a weakening of the currency.

Sterling was also lower, GBP/USD was last down 0.24% to 1.3173.

The pound came under renewed selling pressure, after data showing that U.K. retail sales underlined slowed down in September, concerns that the economy is slowing down.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.23% 93.09.

In the U.S., data on Thursday showed that initial claims for unemployment benefits fell to the lowest level in 44 years last week, indicating that the labour market is recovering after hurricanes Harvey and Irma led to a decline in employment in September

At the same time, another report showed that manufacturing activity in the Philadelphia region unexpectedly rose this month.

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