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FXstreet.com (Córdoba) - The euro advanced versus the dollar and the yen, supported by optimism after Italy formed government over the weekend. However, the shared currency is having a hard time trying to consolidate above 1.3100 as investors remain cautious ahead of the ECB decision on Thursday.
In the macroeconomic front, eurozone data was broadly soft while US Personal income for March also disappointed. European markets are higher, with Italy leading gains.
Main Headlines in Europe (in chronological order):
EMU: Consumer Confidence rises to -22.3 in April
Italy bond auction goes swimmingly well
France will cut 34,000 ministry jobs
Euro resilience keeps the cross around 1.3100
European markets up on Italian politics and expectations ahead of ECB this week
Germany: Consumer Price Index (YoY) rises 1.2% in Apr; (MoM) falls 0.5%