Italy: Savona becomes Minister of EU relations, Tria is new finance Minister
|According to the Italian news outlet La Stampa, League, and Five Star were able to agree that Paolo Savona's role in a possible coalition government would be the Minister of the EU relations.
The initial reaction to this development weighed on the shared currency, and the dragged the EUR/USD pair to a fresh session low at 1.1640.
However, the pair was able to quickly reverse its course and spike up to the 1.17 handle after Giovanni Tria was named as the new Minister of finance.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. 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. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.