Italy: League and 5-Star have completed accord on coalition government

According to the latest headlines from Italy, League and 5-Star have reached an agreement to form a coalition government. Furthermore, confirming the earlier reports, a source close to League has stated that both parties were naming economics professor Giovanni Tria as the candidate for the minister of finance, as reported by Reuters.

When compared to earlier knee-jerk reactions, the EUR/USD pair is staying relatively quiet at the moment as it trades in a tight range between 1.1660 and 1.1670.