Investors like Mario Monti. It's that simple.
And it's also too bad. After
"It seems like things stabilize in euro zone and then a new headline comes and introduces uncertainty again," says Amelia Bourdeau, director of foreign exchange at Westpac Institutional Bank. Unsettling news from Italy has particular impact, she adds, because "Italy is one of the countries that's been targeted by investors as perhaps needing a bailout in the future."