The euro continued its decline today, reaching its lowest level in 6 weeks at 1.1504, following comments by a ruling party official in Italy that their problems will be solved if they get rid of the euro against a national currency.
The euro also fell against both the yen and the Swiss franc, while the dollar rose to a one-month high as traders moved away from high-risk assets and headed to safe havens as Italy's latest political development, especially after a higher than expected budget deficit.
The dollar hit a one-month high against a basket of currencies, which has benefited greatly from trade tensions this year as well as the Federal Reserve's continued tightening of monetary policy as the U.S. economy strengthens.
The Australian dollar fell on the day after the Reserve Bank of Australia kept interest rates unchanged at 1.5%.
Also, the pound fell to a three-week low on fears of a row over British Prime Minister Theresa May's plan for Brexit amid the split of the ruling Conservative Party, the pound hit its lowest level against the dollar since September 11 at 1.2940.
