Exchange Rate in Italy

Italy Exchange Rate | Economic News & Forecasts

Italy - Exchange Rate

On 17 October the European Commission (EC) rebuked Italy for breaching European deficit rules after the populist coalition submitted a spendthrift 2019 budget on 15 October. Despite vigorous criticism from the EC and a significant increase in bond yields in the aftermath, the budget has outlined raising the target for next year’s fiscal deficit to 2.4% of GDP and includes handouts to the unemployed and pensioners. The clash with European institutions is likely only the beginning of a fiery exchange and could result in the launching of a Significant Deficit Deviation Procedure. To complicate matters, these political tensions and financial volatility come at a time when, according to both hard and survey-based data, the economy looks to have shifted into a lower gear: Consumer spending is being weighed by weak wage dynamics due to stagnating productivity growth, while business investment is being held back by rising interest rates and a mediocre business environment. On the bright side, credit continued to expand—albeit modestly—in Q3, while external demand was solid in July–August.

Italy - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)1.38  1.21  1.09  1.05  1.20  

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Italy Exchange Rate Chart

Italy Exchange Rate
Note: U.S. dollar (USD) per euro.
Source: Thomson Reuters.

Italy Facts

Bond Yield3.46-0.11 %Nov 13
Exchange Rate1.130.65 %Nov 13
Stock Market19,227-0.99 %Nov 13

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