Euro Rises to Fresh High After Catalan Speech; Dollar Drops
- Catalan president takes conciliatory stance, seeks talks
- Dollar down against all G-10 peers, led by Swedish krona
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The euro rose to its highest in more than a week after Catalonia’s president struck a conciliatory tone in a speech about the region’s independence referendum.
The common currency saw its third day of gains against the dollar after Catalan President Carles Puigdemont proposed suspending the result of the independence referendum for “weeks” and called for “a period of dialogue.” Meanwhile, the greenback declined against all of its G-10 peers on the day as strategists mulled whether a recent dollar rally is over.