# EUR/USD: Guided by the European politics - Danske Bank - Forex Crunch

> Danske Bank said EU reports of a possible excessive deficit procedure against Italy knocked EUR/USD about 10 pips lower, which it saw as too small to be a market mover. The bank said the main question for the week is whether current dovish Fed pricing is justified. It flagged that weak PMI data would need confirmation from further Fed signals.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/59293-eur-usd-guided-by-the-european-politics-danske-bank-forex-crunch
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency moves tied to the Fed's policy path can shift dollar-priced commodity values, but this commentary points to only small effects.

## Read by commodity

- DXY: neutral
- EURUSD: neutral

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/05/28/eur-usd-guided-by-the-european-politics-danske-bank/

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