Home EU Commission not to open disciplinary action against Italy

EU Commission not to open disciplinary action against Italy

Published date: 3 Jul. 2019 | 13:17

Citing Italian news agency Radiocor, Reuters recently reported that the EU Commission has decided not to open disciplinary action against Italy over its budget.

The initial market reaction to this headline seems to be helping the shared currency gather strength against its major rivals. As of writing, the EUR/USD pair was trading at 1.1300, adding 0.15% on the day and the EUR/GBP was testing daily highs near the 0.8990 mark.

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