Early trade in New York: Euro slides on Catalan vote; bitcoin plummets

The euro fell against the dollar on Friday after Catalan separatists won a regional election, prompting worries about the possible break-up of the euro zone's fourth-largest economy. 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 dipped on the (Catalan) headline but it is not obvious that the vote advances the issue one way or the other and the euro found good support on dips," said Shaun Osborne, chief FX strategist at Scotiabank in Toronto. The euro slid 0.3 percent to $1.1835. Europe's common currency though was still up nearly 13 percent so far this year, on track for its best yearly performance in 14 years.
The dollar, meanwhile, was little moved by Friday's mixed batch of economic data. Friday's most eye-catching mover was once again bitcoin, although this time because of losses. It plunged as much as 25 percent on the day at one point to below $12,000, having lost a third of its value since Sunday.
The dollar index, which measures the US currency against a basket of six major rivals, was up 0.2 percent at 93.400. For the year, however, the index was down 8.5 percent. One immediate threat to dollar bulls was removed on Thursday, as the US Senate approved a bill to fund the federal government through January 19 and avert agency shutdowns ahead of a Friday midnight deadline. The bill now goes to President Donald Trump to sign into law. The dollar was steady against the yen at 113.37.