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Dollar stands tall as euro plumbs five-month low on Italian political uncertainty

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - The dollar stood tall against a basket of currencies on Thursday, as the euro retreated to a five-month low on concerns the political developments in Italy could cause wider disruptions in the common currency bloc.The euro was 0.05 percent higher at $1.1813 after sliding overnight to $1.1763, its lowest since Dec. 18.Political uncertainty in Italy, where populist parties have jostled to forge a common platform in a bid to lead the next government, have been a major drag on the euro.The common currency slid to the five-month low on reports that Italy's ...

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First Published: Thu, May 17 2018. 06:19 IST
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