Currencies: Euro slides after populist parties make strong showing in Italian election [MarketWatch]
IHS Markit Ltd. Common Shares (INFO)
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Source: MarketWatch
Euro slides after populist parties make strong showing in Italian election The U.S. dollar started the week marginally higher on Monday, as the result of Italy’s elections—with the need for coalition negotiations and a strong result for euroskeptic parties—weighed on the euro. What are currencies doing? The euro EURUSD, -0.0893% dropped to $1.2308, down from $1.2321 late Friday in New York. Against the pound, the shared currency EURGBP, -0.1120% slipped to £0.8919, from £0.8927. The ICE U.S. Dollar Index DXY, +0.05% rose 0.2% to 90.089, rebounding from a 0.4% loss on Friday. That move came as traders worried that President Donald Trump’s plans for aluminum and steel tariffs will lead to a global trade war. The broader WSJ U.S. Dollar Index BUXX, +0.17% was up 0.1% at 83.86 on Monday. The pound GBPUSD, +0.0145% rose marginally to $1.3806 from $1.3802 late on Friday. Meanwhile, the dollar lost ground against the yen USDJPY, +0.10% with the greenback buying ¥105.70, c
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