On Wednesday euro started to grow from the lowest level in six weeks

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On Wednesday euro started to grow from the lowest level in six weeks

October 03, 2018 - 11:06
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On Wednesday euro started to grow from the lowest level in six weeks after report that Italy plans to reduce budget deficit in recent years, Reuters writes.

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On Wednesday euro started to grow from the lowest level in six weeks after report that Italy plans to reduce budget deficit in recent years, Reuters writes.

Euro grew by 0,35% to $1,1585 after it fell to the lowest level since August 21 ($1,1505).

One of Italian media informed that budget deficit will be reduced to 2% of GDP by 2021. Last week Italian government set deficit at 2,4% of GDP in next three years. This caused market volatility and critics on behalf of European Commission. However, now it looks like Italy is going to play in accordance with the rules.

Dollar index to six major currencies fell by 0,25%. Green currency growth since last Wednesday reached 1,4% after US Fed raised interest rates.

British pound fell by 0,1% to $1,2995 amid continueing conflict in regards to Brexit plan.