Italy reaches accord with EU on budget

Eren Sengezer FXStreet

According to several news outlets, a spokesperson for the Italian economy ministry announced that Italy has reached an agreement with the EU on the budget. The initial market reaction helped the EUR/USD pair to rise modestly and the pair was last seen trading at 1.1370, adding 0.2% on a daily basis.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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