Italy keeps EUR under pressure – Danske Bank

Piet Christiansen, Senior Analyst at Danske Bank, noted Italian headlines should keep the pressure on the single currency.

Key Quotes

“EUR remains under pressure from Italy risks but EUR/USD settled above the 1.15 mark yesterday as the US ISM report came out on the weak side”.

“Focus for EUR crosses to remain on the Italian budget with the potential for a continue widening of the political risk premium”.

“Also watch out for the stream of Fed speeches this week starting with Chairman Powell today”.