{"id":135905,"date":"2018-10-22T08:31:19","date_gmt":"2018-10-22T12:31:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135905"},"modified":"2018-10-22T07:52:19","modified_gmt":"2018-10-22T11:52:19","slug":"eurusd-euro-bulls-trying-to-recover-the-losses-incurred-over-the-unresolved-italian-budget","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/eurusd-euro-bulls-trying-to-recover-the-losses-incurred-over-the-unresolved-italian-budget\/","title":{"rendered":"EURUSD: euro bulls trying to recover the losses incurred over the unresolved Italian budget"},"content":{"rendered":"
October 22, 2018<\/div>
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By Matthew Anthony, Alpari<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

Last week, nearly all the majors lost ground against the US dollar. Only commodity currencies made gains; namely the Aussie and Kiwi dollars. The biggest loser against the greenback was the pound (-0.64%). The loonie shed 0.62%, the Swiss franc 0.48%, the euro 0.39%, and the yen lost 0.27%. The Kiwi dollar gained 1.30%, while the Aussie rose by 0.12%.<\/p>\n

In the US session, the euro recovered to 1.1535. The single currency was given a boost by comments from European Commissioner Pierre Moscovici, who showed a willingness to hold a constructive dialogue with Italy regarding concerns over their draft budget.<\/p>\n

The pound rose on reports that British Prime Minister Theresa May has shown a willingness to compromise on the Irish border issue, which is a key sticking point to reaching an exit deal.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n