Matteo Salvini — News Archive

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Euro Falls Then Rallies as US Dollar Tanks on Trade Tensions

The euro today fell to new daily lows against the US dollar early in the European session in a knee-jerk move that was likely driven by algorithmic trading. The EUR/USD currency pair later rose from its lows as the single currency rallied against the greenback, which remained on the back foot due to the devalued yuan.

Euro Rallies Higher Despite Italian Political Uncertainty

The euro today rallied higher into the early European session despite rumours that the Italian government would call for an early election on October 23rd. The EUR/USD currency pair fell after the release of weak German trade balance data for June, which shrunk more than expected.

Euro Falls to 9-Day Lows on Trade Concerns and Positive US Data

The euro today fell to 9-day lows against the US dollar in the American session following the release of upbeat US data and a rally in US equity markets. The EUR/USD currency pair attempted to rally earlier today following upbeat trade headlines regarding the eurozone, but the rally quickly fizzled out.

Euro Rallies on Italian Budget Hopes, Declines on Weak German Data

The euro today rallied higher against the US dollar from the Asian session into the early European session on hopes that the Italian government would amend its budget plans. The EUR/USD currency pair later headed lower after the German IFO business survey data missed expectations and Mario Draghi‘s speech had no new insights.

Euro Rallies on Dovish Fed Rumors, Declines Despite Weak US Data

The euro today rallied higher against the US dollar in the mid-European session following rumors that the US Federal Reserve would pause its rate hikes in Spring 2019. The euro had rallied higher in the early European session after Italy’s Deputy Prime Minister Matteo Salvini teased that his government was willing to make revisions to its 2019 budget.

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