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Euro Recovers Losses After Italy’s ‘No’ Vote

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

2016.12.05 / 18:28
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