Euro drops versus dollar after Catalonia's independence vote

Euro fell in American trade against the dollar following a spate of data from the euro zone and the US, the world's largest economy, and after Catalonia's independence vote on Sunday, with the police intervening in a heavy manner that led to criticism from many sides. 

As of 04:29 GMT, EUR/USD fell 0.63% to 1.1739 from the opening of 1.1816, with an intraday low at 1.1730, and a high at 1.1820. 

Earlier Spanish data showed the manufacturing PMI rose beyond expectations in September, while the same index in Italy steadied below expectations, as the final reading for the same index rose in France and steadied in Germany, and dipped for the whole region. 

The head of the Catalonian regional government Carles Puigdemont announced he will launch the legal effort against the method that was practiced by the police against crowds on Sunday, and against the people responsible for it, while forming a special committee to investigate the incidents.

Puigdemont also called on Spanish police to withdraw their forces away from the region, and called for international mediation to solve the crisis, noting that the EU has to oversee all the steps, and urging the Spanish government to announce its position on what happened. 

Conversely, Spanish justice minister said the government will use all constitutional authorities available to it to stop the self-ruling in Catalonia, in case the region announced its independence from the country, while the European Commission said that Catalonia's vote is an internal issue for Spain, while calling on all sides to negotiate about the future of the region. 

Otherwise, earlier data from the US, the world's largest economy, showed the ISM manufacturing PMI up to 60.8 unexpectedly in September, while manufacturing prices in the same survey surged beyond forecasts to 71.5.