XE Market Analysis: Dollar Firm, Euro Falls on Italian Political Concerns

OVERVIEW

  • US Dollar made fresh highs before giving back some ground despite solid data.
  • EUR slides below 1.18 as Italian political parties agree to form a government. 
  • GBP little changed, towards recent lows.
  • CAD outperforming other G10 currencies after strong factory sales.
  • Turkish Lira hits a fresh record low, central bank promises ‘necessary steps’ to calm Lira. 

HIGHLIGHT