Political Uncertainty in Europe Pushes Euro Lower

NEW YORK (AP) -- Political turmoil in Italy and Spain pushed the euro lower against the dollar Wednesday.

A corruption scandal in Spain has put pressure on Prime Minister Mariano Rajoy to resign, and Italy will hold elections later this month. Traders are worried that a change in leadership in either country could derail efforts to end Europe's financial crisis.

The euro fell to $1.3525 in late trading Wednesday from $1.3584 late Tuesday.

On Thursday, all eyes will be on the European Central Bank's monetary policy meeting. After the meeting, investors will be listening to ECB President Mario Draghi's speech for any clues about the state of Europe's economy.

In other trading, the dollar was little changed against other currencies.

The British pound rose slightly to $1.5666 from $1.5663.

The dollar rose to 93.38 Japanese yen from 93.36 Japanese yen and to 0.9095 Swiss franc from 0.9083 Swiss franc.

The dollar was flat at 99.60 Canadian cents.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2240358, ~/Articles/ArticleHandler.aspx, 9/26/2016 5:23:51 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes