fxstreet.com 09 Feb, 2021 15:00 am

Some relief for the euro as Italian political risks ease for now – MUFG

Some relief for the euro as Italian political risks ease for now – MUFG
The euro has benefitted from the broad-based US dollar sell-off which has helped to lift EUR/USD back towards the 1.2100-level after hitting an intra-

Mario Draghi will continue to hold meetings today with Italy’s biggest parties in an attempt to secure enough support to form a technocratic government.” “According to reports, Mario Draghi’s government will set ambitious goals including pursuing a common euro-area budget.Mario Draghi will aim to build on the recent success of establishing an EU Recovery Fund.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

It also does not guarantee that this information is of a timely nature.A joint budget has been seen as a key missing piece of the euro’s policy framework that would help ensure the current union is better able to deal with economic shocks.

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