http://www.marketwatch.com/story/euro-finds-footing-amid-italy-political-hopes-2011-11-10?link=MW_home_latest_news
- Italian President Giorgio Napolitano laid the groundwork for economist Mario Monti to lead an emergency government
-Italian equities rebounded. Strategists tied the bounce in part to reports Italian lawmakers plan to approve economic legislation by Sunday
-Unless [the European Central Bank] provides some aggressive support to the market, the shorts will continue to press their trades and that dynamic will weigh on the [euro/dollar],” (Note - ECB buying bonds before auction)
-Economists expect the Bank of England to leave monetary policy unchanged on Thursday, but see potential for further expansion of the bond-buying program as early as next month
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