On Friday, Fitch Ratings downgraded Italy’s sovereign debt rating by one notch to BBB+ from A- citing mainly the inconclusive results of the Italian parliamentary elections on 24-25 February which ‘make it unlikely that a stable new government can be formed in the next few weeks’. Such a move b…
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Position Post-Fitch’s Italy Downgrade: Sell EUR/USD At 1.30 Targeting 1.25 – SocGen
