Italy's Dragh will resign

As per a government statement, Italy's PM Mario Draghi will resign.

Earlier, the governing coalition survived a vote of confidence despite the 5-Star Movements decision to sit out the vote. The PM later met with France's President Mattarella but was reported he did not resign. Draghi has said if he did not have the support of the 5-star Movement in his coalition, he would resign.

It appears he has done just that.

The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term has move back below the 1.0000 level and trades at 0.9987 currently.

Subsequent headlines from Draghi:

• 5 star's nonparticipation in confidence vote was very significant from a political point of view
• the national unity coalition that backed this government no longer exists
• the conditions are no longer in place for me to carry on
• I will tender my resignation to the president this evening