According to a source close to the Italian President Sergio Mattarella, the President wants political parties to reach a deal to form a new coalition government soon in order to avoid snap elections.
The President has started consultations to find a new government after the ruling coalition collapsed and Prime Minister Giuseppe Conte resigned this week.
The President wants clear signals of a possible deal on Thursday and to see major developments by early next week.
Despite the upbeat headlines as well as Euro area manufacturing data, the EUR/USD pair reverted to the familiar range near 1.1080 region, having failed once again near 1.1115 region.
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