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Aug 27 - 09:48 AM
EUR/USD: Italy New Govt Coalition Likely A Positive Development For EUR - Citi
First appeared on eFXplus on Aug 27 - 08:29 AM

Citi Research flags a scope for EUR upside from on the back of the potential new Italian government coalition.

"A better euro headline on Italy suggests a Five-Star/PD coalition is looking more likely with reports that the coalition is to hold new talks tonight with ex-PM Conte present," Citi notes. 

"Italian President Mattarella has apparently given the parties until this evening to reach an agreement and should there be an agreement to form a ruling coalition, this is likely to be a positive development for EUR as it avoids a snap election that would otherwise see a more Euro-skeptic government led by Leg," Citi adds. 

Source:
Citi Research/Market Commentary

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