Exchange Rate in Italy

Italy Exchange Rate | Economic News & Forecasts

Italy - Exchange Rate

Following three months of political deadlock and two unsuccessful attempts to form a government, on 6 June the Italian Parliament signed off on a government formed by the right-wing League party and the leftist populist Five Star Movement. As the two parties have different ideologies and the coalition agreement is the result of complicated negotiations, governing will not be smooth sailing. The deadlock has been resolved at a time when the recovery seems to have lost some steam. Recent GDP data shows that growth was broadly stable in Q1, but the economy shows some signs of having slowed in Q2, partly affected by subdued growth in the whole eurozone. In April, the industrial sector weakened considerably, and retail sales contracted sharply amid falling consumer confidence. However, NPLs declined further, confirming that the banking sector has indeed turned a corner, and the construction sector rebounded significantly. That said, survey-based indicators deteriorated further in May, a consequence of both weak external demand and the difficult political situation.

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 Yield2.56-0.11 %Jul 13
Exchange Rate1.170.65 %Jul 13
Stock Market21,892-0.99 %Jul 13

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