Session Recap: EUR/USD struggles at 1.3100

FXstreet.com (Córdoba) - The euro advanced versus the dollar and the yen, supported by optimism after Italy formed government over the weekend. However, the shared currency is having a hard time trying to consolidate above 1.3100 as investors remain cautious ahead of the ECB decision on Thursday.

In the macroeconomic front, eurozone data was broadly soft while US Personal income for March also disappointed. European markets are higher, with Italy leading gains.

Main Headlines in Europe (in chronological order):

EMU: Consumer Confidence rises to -22.3 in April

Italy bond auction goes swimmingly well

France will cut 34,000 ministry jobs

Euro resilience keeps the cross around 1.3100

European markets up on Italian politics and expectations ahead of ECB this week

Germany: Consumer Price Index (YoY) rises 1.2% in Apr; (MoM) falls 0.5%

US: PCE rose 1.0% YoY in March