Ex-Italian PM Renzi: Ready to work with 5-Star Movement

Dhwani Mehta FXStreet

Comments are hitting the wires from the former Italian Prime Minister (PM) Renzi, via Reuters, as he says that he could be prepared to work with 5-Star Movement if he felt it could lead to a government with a constructive attitude towards Europe.

This comes after Giuseppe Conte resigned as Italy’s PM on Tuesday, triggering a search for a new administration to avoid snap elections and deal with a faltering economy.

At the press time, the EUR/USD pair trades depressed just below the 1.11 handle, but remains exposed to further downside risks, despite Tuesday’s rebound.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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