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Currencies: Italy’s budget dilemma may complicate ECB’s attempt to wind down QE

With the European Central Bank on a path to normalization, investors have, perhaps, grown comfortable with the outlook for the euro as years of loose monetary policy are set to end in coming months.

However, the future of the common currency may not be squarely in the hands of European policy makers’ due to an antiestablishment Italian government that appears bent on locking horns with the trading bloc, setting the stage for a challenging landscape for the ECB and potentially the euro.

Read:Italy bond yields jump as investors brace for budget clash

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