Euro Dragged Lower By Italy’s Turmoil
The euro currency declined 0.2% against the US dollar on Monday, as it was dragged down by the Italian political turmoil with the Italian Prime Minister Enrico Letta facing a confidence vote on Wednesday as Silvio Berlusconi’s party resigned from the cabinet.
The euro declined 0.21% to $1.3494 against the US dollar as of 7:56am GMT, while against the Japanese yen; the euro fell 0.73% to ¥132.19 against the yen and edged down 0.30% lower to £0.8360 versus the pound sterling at the same time.
“Several European Central Bank (ECB) members stressed that they are ready to offer another LTRO (long-term refinancing operations) if needed. Read more