Moody’s says credit implications for Italy from political turmoil are limited
- Bulk of Monti’s reform agenda already passed in Italy parliament
- Expects next Italy government to adhere to most elements of Monti’s budget law
- Expects a centre-left Italian government would maintain reform-orientated agenda
EUR/USD seeing some slippage back down at 1.3060, earlier mentioned sell orders at 1.3100 proving barrier to the topside. Seems decent Swiss interest to sell up there.
Earlier reports had buy orders clustered down at 1.3040/50.