forex news

Italy allows docking of ship with migrants, ends standoff with Malta

© Reuters. FILE PHOTO: Italy’s Minister of Infrastructure and Transport Danilo Toninelli arrives for gala dinner at the Quirinal palace in Rome By Steve Scherer ROME (Reuters) – Italy will let its coast guard ship carrying 177 migrants it rescued on the high seas five days ago dock in Sicily, Transport Minister Danilo Toninelli said […]

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Forex – Dollar Down as Euro Finds Footing Despite Italy, Turkey Concerns

© Reuters. The Dollar is heading for a subdued start to the week. Investing.com – The dollar was unchanged against its rivals Monday after the euro pared losses as the bloc marked the end of Greece’s bailout program, but concerns about Italy’s public finances kept gains in check. The , which measures the greenback against […]

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EUR: Guided by Turkey, Italy, China, Jackson Hole and summer markets – ING

Analysts at ING points out that it’s summer, it’s quiet, and it’s been pretty wild in global FX markets and the euro is starting to reflect greater short-term domestic political angst. Key Quotes  “The link between EUR/USD and peripheral European swap spreads suggests that there may be a hefty 3-4 big figures worth of idiosyncratic […]

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Italy government €80bn plan to rebuild infrastructure … 'smash EU budget rules'

 Ambrose Evans-Pritchard writes in the UK Telegraph Italy’s populist government is drawing up a ‘Marshall Plan’ of up to €80bn to rebuild the country’s dilapidated infrastructure after the Genoa bridge collapse, seizing on the politically-charged disaster to smash EU budget rules. Officials aim to invoke the ‘Golden Rule’ championed by Britain’s Gordon Brown to remove chunks […]