# Euro's torrid times unlikely to ease soon | The National

> The euro broke below $1.1500 after a report that the ECB saw UniCredit as particularly vulnerable to Turkey's market troubles. Analysts saw little sign of a turnaround, with the pair possibly testing $1.1360-$1.1370 if spillover to euro-zone banks continues.

- Date: 2018-08-12 · published 2018-08-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/11064-euro-s-torrid-times-unlikely-to-ease-soon-the-national
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker euro against the dollar makes dollar-priced commodities relatively more expensive for euro-zone buyers and supports dollar strength in global trade pricing.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2018-08-10 | 1 | -1.4% | -3.3 | Published two days later, it describes the same Turkey-driven euro weakness, including the UniCredit vulnerability, and so confirms the mechanism, though it is not a same-day driver. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | -1.8% | -3.2% |
| EURUSD | 2019-08-31 | [Euro hits two-year low amid trade concerns \| The National](https://feedsoft.ai/events/57799-euro-hits-two-year-low-amid-trade-concerns-the-national.md) | +0.6% | -0.8% |
| EURUSD | 2019-04-25 | [Euro hurt by stalling Germany and Spanish uncertainty \| The National](https://feedsoft.ai/events/59791-euro-hurt-by-stalling-germany-and-spanish-uncertainty-the-national.md) | +0.5% | -0.3% |
| EURUSD | 2022-06-29 | [Euro turns negative after Lagarde warns low inflation unlikely to return \| Financial Post](https://feedsoft.ai/events/41160-euro-turns-negative-after-lagarde-warns-low-inflation-unlikely-to-return.md) | -3.4% | -4.0% |
| EURUSD | 2017-10-28 | [Euro falls most this year on ECB bond decision and Spanish woes \| The National](https://feedsoft.ai/events/68669-euro-falls-most-this-year-on-ecb-bond-decision-and-spanish-woes-the-national.md) | +0.3% | +2.6% |
| DXY | 2018-09-26 | [Euro likely to stay weak against dollar until mid-2019 \| The National](https://feedsoft.ai/events/63252-euro-likely-to-stay-weak-against-dollar-until-mid-2019-the-national.md) | +0.2% | +1.5% |
| DXY | 2019-08-31 | [Euro hits two-year low amid trade concerns \| The National](https://feedsoft.ai/events/57799-euro-hits-two-year-low-amid-trade-concerns-the-national.md) | -0.9% | -0.2% |
| DXY | 2022-06-29 | [Euro turns negative after Lagarde warns low inflation unlikely to return \| Financial Post](https://feedsoft.ai/events/41160-euro-turns-negative-after-lagarde-warns-low-inflation-unlikely-to-return.md) | +2.0% | +1.8% |

## Sources

- thenationalnews.com: https://www.thenationalnews.com/business/markets/euro-s-torrid-times-unlikely-to-ease-soon-1.759207

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.