The pair gapped lower at the weekly opening, hurt by headlines indicating that the German Social Democrat party beat Angela’s Merkel ruling one in Lower Saxony, and comments from Fed’s head Yellen, who offered a confident outlook on inflation and the economy, noting that the market didn’t hear before. Another factor weighing on the EUR is the situation in Spain, as Catalonia President Carles Puigdemont avoided to clarify whether he declared independence or not, and asked for a two-month window of dialogue, whilst the central government, through Spanish Vice President/ Deputy PM, Soraya Saenz de Santamaria, answered that they are still waiting for an answer that should be delivered not later than early Thursday.



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