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(L to R): Luigi Di Maio, Giuseppe Conte, and Matteo Salvini

Italy just took a step closer to a major clash with the rest of Europe over its budget crisis

The budget proposes increasing both Italy's overall government debt and its deficit in the short run, pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated deficit level of 0.8% of GDP maximum.
Donald Trump's comments are hurting the dollar.

The dollar is falling after Trump slammed the Fed again

One analyst said a pattern is starting to emerge showing "the president willing to talk the USD lower whenever it starts to look a bit toppy."

The pound continues to dive after dollar ‘sucker punch’

"The fears of a no-deal Brexit have piled the pressure on the pound and the dollar’s rally has come as a sucker punch," Neil Wilson, the chief market analyst at Markets.com, said in an email.

How low will it fall? The pound continues to dive on ‘no-deal’ Brexit fears

Sterling has hit a fresh 11-month low against the dollar on Thursday amid continued fears over the prospect of a 'no deal' Brexit.

The pound is below $1.29 for the first time in almost a year as ‘no-deal’ Brexit fears mount

Lukman Otunuga, a research analyst at FXTM, said in an email: "Concerns of a potential hard Brexit scenario have haunted investor attraction towards the Pound and have left the currency vulnerable to downside shocks."

The pound hits 11-month low after UK minister says there’s a 60% chance of Britain crashing out of the EU with no deal

UK International Trade Secretary Liam Fox said in an interview published on Sunday that the chance of a no-deal Brexit — where Britain leaves the EU without a deal on future trading arrangements — had risen from 50% to 60%.
ECB President Draghi waits to address EU Parliament's Economic and Monetary Affairs Committee in Brussels

Euro slides after ECB says it will end its 2.5 trillion euro bond-buying program

The euro slid versus the dollar Thursday after the European Central Bank said it would end its €2.5 trillion bond-buying program at the end of the year and expects to keep rates steady through next summer.
(L to R): Luigi Di Maio, Giuseppe Conte, and Matteo Salvini

These 3 men hold the future of the euro in their hands

Italy may be renowned for its chaotic, dysfunctional politics but even by its standards, the last seven days have been crazy.
A German trader is masked as the magician Merlin on the floor of Frankfurt's stock exchange as part of Germany's carnival season

Markets are bouncing back as fears over Italy’s political crisis subside

Italy's political situation deteriorated rapidly over the weekend, with the prospect of a fresh general election in the next few months looming large.
Former senior International Monetary Fund (IMF) official Carlo Cottarelli speaks to the media after a meeting with Italy's President Sergio Mattarella at the Quirinal Palace in Rome, Italy.

The euro is bouncing back but analysts say it won’t last

The euro is attempting to bounce back on Wednesday after its rapid decline amid the Italian markets crisis. Despite a bullish start to the day analysts have suggested the return is unlikely to hold.