Italy's Salvini: Unemployment rate, not EU deficit ceiling, must dictate budget

Italian Deputy Prime Minister Matteo Salvini crossed the wires in the last minutes arguing that the unemployment rate, not the EU's deficit ceiling, must dictate whether Italy can increase the government spending. "When jobless rate falls to 5%, Italy will comply with all the rules in the world," Salvini added.

Gold rallies to over 2-month tops amid the global flight to safety

• Fears of a global economic slowdown boost the precious metal's safe-haven status. • The ongoing slump in the US bond yields/subdued USD demand rema
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USD/JPY trades in tight range near 108.30, eyes on US T-bond yields, Wall Street

The USD/JPY pair started the week with a small bearish gap and touched its lowest level since mid-January at 108.07 before staging a modest recovery.
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