•Euro drops as Catalan separatists maintain majority in local government •Australian Dollar gains with local yields, hinting at firming RBA outlook •US Dollar fireworks unlikely on PCE inflation data in pre-holiday trade The Euro declined in muted Asia Pacific trade after separatists retained control of in regional government in Catalonia. The early election was pushed by the central government in Madrid in hopes of installing a friendlier administration after the past year’s unrest. That gambit failed, with parties favoring independence from Spain claiming 70 seats in the 135-member legislature. The Australian ... (full story)