# Euro comes under pressure ahead of disciplinary action against Italy

> The euro fell 0.1% to $1.1180 in European trading after reports that the European Commission could begin disciplinary steps against Italy on June 5 over its debt and deficit. The euro had hit a two-week high after pro-European parties kept a firm majority in the EU Parliament. The decline followed a loss of 0.1% the previous day.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: market · region Euro zone · magnitude low
- Page: https://feedsoft.ai/events/59292-euro-comes-under-pressure-ahead-of-disciplinary-action-against-italy
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Euro weakness on Italian fiscal concerns mainly moves currency markets and has little direct effect on feed grain prices.

## Read by commodity

- EURUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/news/euro-comes-under-pressure-ahead-of-disciplinary-action-against-italy-29121

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