Extended its previous week’s losses last week as economic data all but confirmed a December interest rate hike by the Fed, while the Euro was pressured by tension in Spain between the Spanish and Catalonian governments following last week’s referendum in favour of Catalonian independence. The week began with the pair declining after making its weekly high of 1.1807 on Monday after Catalonia voted overwhelmingly with a “yes” to secede from Spain amid violent clashes between voters and Spanish national police forces. Also, U.S. ISM Manufacturing PMI printed at 60.8 compared to an expectation of 57.9. The rate then gained a fraction on Tuesday as markets looked past the Catalonian referendum, stabilizing the single currency. The pair consolidated at a slightly higher level on Wednesday after comments from Fed Chair Janet Yellen. Speaking at a banking conference in Chicago, Yellen said that there was still “considerable slack” in the economy, also, referring to QE, Yellen said that, “I think this extraordinary commitment is still needed and will be for some time, and I believe that view is widely shared by my fellow policymakers at the Fed’. Wednesday’s numbers had U.S. ISM Non-Manufacturing PMI, printed at 59.8 versus an expectation of 55.5, while ADP Non-Farm Employment Change showed 135K new jobs last month compared to an expected 131K. The rate resumed its selloff on Thursday after the ECB Monetary Policy Meeting Accounts noted that, “A view was put forward that conditions were increasingly falling into place that would allow the intensity of monetary policy accommodation to be adapted and would provide an opportunity to scale back the Eurosystem's net asset purchases”. The account added that, “Any reassessment of the monetary policy stance should proceed in a very gradual and cautious manner, while maintaining sufficient flexibility.” Thursday’s numbers had U.S. Initial Jobless Claims drop to 260K versus 266K expected, while the U.S. Trade Balance came out with a deficit of -42.4B, which was in line with expectations. On Friday, the pair made its weekly low of 1.1668 after U.S. Average Hourly Earnings increased by +0.5% m/m compared to an expectation of +0.3%, with the previous number upwardly revised from +0.1% to +0.2%. Nevertheless, U.S. Non-Farm Payrolls disappointed the market, showing a decline of -33K jobs last month compared to an expected increase of +82K, while the U.S. Unemployment Rate fell to 4.2% from 4.4%. EUR/USD closed at 1.1727, with a loss of -0.7% for the week.