2017.12.2202:31:00UTC+00Dollar Climbs, Euro Drops after Catalan Vote

The dollar climbed on Friday though it remains poised for weekly losses, while the euro fell following Catalan vote results, which indicated a victory for separatists in a blow to Madrid.

Spain's government had hoped that the Catalan election would strip pro-independence parties of their control of the regional parliament and end their campaign to force a split. But with 96 percent of ballots counted in a vote to elect Catalonia's regional parliament, separatist parties are seen winning 70 seats out of 135.

The euro fell 0.2 percent at $1.1848 after dropping as low as $1.1817. It reduced its weekly gain to 0.8 percent.

The dollar index, which measures the U.S. currency against a basket of six major peers, rose 0.1 percent at 93.400. For the week, it was down 0.6 percent.

The U.S. Senate approved a bill to fund the federal government through Jan. 19 and avert agency shutdowns ahead of a Friday midnight deadline. The bill now goes to President Donald Trump to sign into law.

Also supporting the dollar, Congress approved the most significant U.S. tax code overhaul in three decades that was expected to give at least a short-term lift to already solid economic growth.

The dollar was steady on the day against the yen at 113.32, on track to gain 0.6 percent for the week.