Euro Surpasses Dollar As Fed Hike Is Priced In- 10 October, 2017

The Bloomberg spot index declined by 0.5 percent for the third consecutive day and declined against all its G-10 peers as the Euro rose to its highest in over a week. The Euro’s climb came after a speech by Catalonia’s president about the regions independence referendum. The Dollar declined due to U.S. interest rates falling as the Fed hike is priced in. The Danish Krone and the Swedish Krona join the Euro in surpassing their G-10 peers.