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A spokeswoman from the Italian Economy Ministry denies the rumors that the Finance Minister Tria wants to resign over the budget dispute.

The spokeswoman added that Tria continues to working on budget targets ahead of Thursday’s cabinet meeting.

Earlier, it was reported Italy’s 2019 budget meeting is delayed. The Italian budget concerns are back in play and pushing the Euro lower across the board.

The EUR/USD pair is back above the 1.17 handle, having reversed a dip to 1.1691 on Italian jitters and broad-based US dollar strength following the Fed’s hawkish tone.