EUR/USD reclaimed the 1.1700 handle to the upside on reports that Italian PM-designate Conte gave up on forming a government after President Mattarella rejected Eurosceptic Paolo Savona for the Economy Minister position. Despite the uncertainty following the veto including the possibility of fresh elections, EUR strengthened across the board due to the rejection of the Eurosceptics and in turn, dragged the USD index back below the 94.00 level.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1700 (0.774 BLN).
Stopped out after the break below 1.1684.
Note: UK market is closed due to the UK bank holiday and the US market is closed due to US Memorial Day holiday.
Option expiries of note for today's 15:00 BST:
EUR/USD: 1.1700 (0.774 BLN).
Stopped out after the break below 1.1684.
Note: UK market is closed due to the UK bank holiday and the US market is closed due to US Memorial Day holiday.