Italy's Salvini says government agreed on 2019 deficit at 2.4% GDP, EUR/USD recovers modestly

Italy’s Deputy Prime Minister Salvini recently crossed the wires announcing that the Italian government agreed on a 2019 budget deficit at 2.4% of the GDP. The initial market reaction helped the EUR/USD pair pull away modestly from 10-day lows. As of writing, the pair was still down 0.73% on the day at 1.1654.