Analysts at Scotiabank explained that EUR is attempting a modest stabilization in the mid-1.16s, despite testing fresh marginal 2018 lows on the back of continued political uncertainty in Italy and Spain. Key Quotes: “Euro area sovereign bond markets are showing signs of continued fragmentation as bund spreads widen to fresh highs. Italy is likely to see another election this fall and President Mattarella has asked former IMF economist Cottarelli to form an interim government following this weekend’s rejection of the populist parties’ nominated finance minister Savona.” “Spain’s PM Rajoy is also set to face a no-confidence vote for Friday. Risk reversals are pricing a sizeable premium for protection against EUR weakness and CFTC data have revealed a fresh build in bearish gross short positions.” “This week’s fundamental releases include euro area CPI data on Thursday.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY drops to lowest since June, remains around 127.00 FX Street 5 years Analysts at Scotiabank explained that EUR is attempting a modest stabilization in the mid-1.16s, despite testing fresh marginal 2018 lows on the back of continued political uncertainty in Italy and Spain. Key Quotes: "Euro area sovereign bond markets are showing signs of continued fragmentation as bund spreads widen to fresh highs. Italy is likely to see another election this fall and President Mattarella has asked former IMF economist Cottarelli to form an interim government following this weekend's rejection of the populist parties' nominated finance minister Savona." "Spain's PM Rajoy is also set to face a no-confidence vote for Friday.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
