The euro has firmed up on news that Italian populist parties have dropped there bid to form a government due to the president’s block on the nomination of a Eurosceptic finance minister. EUR-USD lifted to a high of 1.1728, recouping to near last Thursday’s highs after subsequently posting a six-and-a-half-month low at 1.1645. EUR-CHF is up almost a big figure, in the low 1.1600s, while EUR-JPY and other euro crosses are also showing gains.
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