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According to ANSA News Agency,    Italian Prime Minister-designate Carlo Cottarelli is  considering giving up his  mandate  to pave the way for a possible election on July 29, as reported by Reuters. Earlier in the hour, Cottarelli has left his meeting with the president, during which he was expected to present a list of ministers,  without making any comments to the reporters.  

The EUR/USD continues to trade within its recent range near mid-1.15s, and is headed for the second straight negative daily close of the week.