The euro has another case of the Monday blues, with the political risk factors it faces darkening as the dollar’s rebound from last week’s lows also gathers pace.
Financial Times reports that this left the shared currency hovering around 17-month lows against its US counterpart, with investors unnerved at the uncertainty over a Brexit deal and the Italian budget.
The shared currency was pinned under $1.13 on Monday — down 0.6 per cent from Friday’s close. It hit a low of $1.1237 during morning trade, the weakest point since June last year. It then bounced to $1.1258 after Italian industrial orders data turned out to be better than expected.