The euro and sterling reportedly showed no strong changes against the US dollar. At the same time, the market is waiting on Monday for new reports about the Brexit process and Italy's budget, especially after a strong negative stance of the EU towards the draft.
The US Dollar Index decreased to 95.44 on Monday. The greenback stays generally firm with slight fluctuations vs the majors. The rates were within short range amid the current tensions between Saudi Arabia and the Western world as well as trade disputes and global economic uncertainties.
The euro-to-US dollar rate reached 1.1515 today after sliding to $1.1510 early Monday. At the same time, the sterling weakened to 1.3050 vs the greenback.
The euro and sterling are still depressed by the reports regarding the Italian budget and the Brexit process.
Specifically, last week the European officials notified the Italian government about the fact that the proposed draft budget violated all requirements of the EU, adding that Italy had to make comments on this matter till October 22.
As for the sterling, the British currency got stronger last Friday driven by the news reports that Theresa May might even back down from the key Brexit point to get a Brexit deal with the EU.