The euro fell today to a 5-month low amid news of Italy's next government to seek debt relief. On the other hand, the dollar continued its strength against most of its rivals.
The EURUSD hit its lowest level since Dec. 18 at 1.1762, after reports that Italy may ask the ECB to release 250 billion euros of debt. On the other hand, the EURCHF fell appreciably to its lowest since April 10 at 1.1770.
Also, the pound fell to its lowest level against the US dollar since the beginning of the year at 1.3450 amid renewed concerns about the talks of Brexit. The British government has said it could publish detailed plans for the future relationship with the European Union after the separation next month.
