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Italian officials: Italy PM Conte met Merkel on budget, plans meetings with EU leaders

Reuters quotes the Italian government officials, citing that Italy’s PM Conte and Germany’s Chancellor Merkel met on Friday and discussed the much-debated 2019 Rome budget.

The officials, however, did not offer further details of the meeting.

Italian officials said Conte is also trying to arrange other meetings, including with Dutch Prime Minister Mark Rutte.

Russia raises the interest rate to 7.75%, USD/RUB dips

Russia's central bank raised the interest rate from 7.50% to 7.75%. Markets had not anticipated the Moscow-based institution led by Governor Elvira Na
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US Dollar sits at 18-month tops, around mid-97.00s ahead of US retail sales

   •  A sudden fall in the shared currency helped gain strong traction.    •  The prevalent risk-off mood helped offset weaker US bond yields.    • 
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