XE Market Analysis: Euro steadies as Italy rumoured to yield to EU Demands

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OVERVIEW

  • Euro holds firm against the US Dollar as a solution to Italy’s budget deficit challenges are thrashed out
  • The Pound stays steady as PM May faces her first questions of the week
  • The Canadian dollar strengthens as Oil rebounds by as much as 2.7%

HIGHLIGHT

The Euro gained today against the Pound as Italy was said to make concessions over their budget deficit. Although in a tight range, the pair has quickly fallen off of the highs it posted early this morning.