Forex – The euro rose while the coalition Italian crumbles


© Reuters. The euro rose while the coalition Italian crumbles

Investing.com – The euro gained ground against the dollar on Monday, after the Italian president declined to appoint a minister of economy, euro-skeptic, reinforcing the feeling of investors towards the single currency.

The EUR / USD was up 0.38% to 1,1694 at 04:11 AM (08:11 GMT), rebounding from the low of six months, reached Friday at 1,1644.

The euro was boosted after that the populists italians have abandoned their attempt to form a coalition government after president Sergio Mattarella has blocked the appointment of a finance minister the euro-skeptic.

Investors feared that the coalition do not endanger the belonging of Italy to the euro zone, but political uncertainty remained high in the prospect of new elections.

The dollar index, which measures the strength of the dollar against a basket of six major currencies, was down 0.24% at 93,98, under the pressure of the euro.

The euro rose against the yen, with EUR / JPY rising 0.46% to 128,00, away from the lowest of eleven months of 127,72 reached Friday.

The dollar was slightly higher against the yen, with the USD / JPY at 109,46 after reaching a high of 109,84.

The american president Donald Trump said Sunday that an american team was entered in North Korea to prepare for a summit between himself and north Korean leader Kim Jong One.

The book has grown, with GBP / USD up 0.19% to 1,3321.

The dollars of australia and new zealand were also higher, with the AUD / USD adding 0.19% to 0,7561 and NZD / USD advancing 0.46% to 0,6946.

Trade volumes are expected to remain low on Monday, markets in the United States and the United Kingdom being closed for the holidays.

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