Source: Italy's President wants quick political deal on new government - Reuters

Dhwani Mehta FXStreet

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.

Key Quotes:

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.

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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