Usd to italian euro calculator: Dollar climbs, as euro drops under Italian budget pressure

Meanwhile, the euro EURUSD, +0.4176% was weaker, slipping to $1.1661 versus $1.1742 late Wednesday in New York. Drama ensued around Italy’s budget proposal , which was expected at 6 p.m. Eastern on Thursday and had been a focus of European currency traders due to its potential to cause a spat between Italy and the European Union. Analysts also worry about Italy’s fiscal health because it is the third-largest EU economy (excluding the U.K., which is slated to exit from the EU). However, the budget could be delayed, market participants said.

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