XE Market Analysis: Europe – May 30, 2017

The euro has under particular pressure, with the common currency showing a 0.5% loss to the dollar and a 0.8% decline versus the yen as the London interbank market joins the fray. The move reflects a sharpening in Eurozone-centric concerns. Former Italian PM Renzi suggested that Italy should hold a general election as soon as September, to coincide with the timing of German elections. An early than expected election will sharpen existential concerns about the euro.

Source: XE news feed
XE Market Analysis: Europe – May 30, 2017