The euro fell to a five-month low on Friday amid concerns over Italy's anti-establishment parties, which are just steps away from forming a coalition government after more than 10 weeks of political deadlock.
On the other hand, the rise in US bond yields supported the dollar's rise again, and the EURUSD currently trades at 1.18 levels the lowest since December 18th. While the dollar index rose to reach levels of 93.63 its highest level in 2018.
The continued suffering of the euro amid reports that the 5-star movement may require the European Central Bank to exempt Italy from 250 billion euros.
The British pound gave up gains at the start of the day after the British government denied a media report that Britain wanted to remain within the EU customs union after its departure. The GBPUSD hit a two-day high of 1.3568 before retreating to 1.3495.
