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Euro Recovers Losses After Italy’s ‘No’ Vote

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Euro Recovers Losses After Italy’s ‘No’ Vote

The rebound shows that investors had already anticipated that Prime Minister Matteo Renzi would lose the referendum.

Axar.az informs, the euro fully recovered from a bout of selling early Monday that followed Italian voters’ rejection of a government-backed referendum, but investors said the turmoil in Europe’s fourth largest economy will continue to pressure the common currency.

The euro was last up 0.4% against the dollar at $1.070—a marked recovery after falling more than 1% in early trade against the greenback to its lowest level since 2015.
Date
2016.12.05 / 18:28
Author
Axar.az
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