# Euro dips after EU cuts Italian outlook; dollar up before Fed meeting | Gold Eagle

> The euro fell after the European Commission cut its Italian growth forecasts and said Italy's 2019 draft budget breaks EU fiscal rules. The dollar rose ahead of a Federal Reserve meeting, with the dollar index near 96.25 after US midterm results.

- Date: 2018-11-08 · published 2018-11-08T12:00:00.000Z
- Category: macro · region Euro Area · magnitude low
- Page: https://feedsoft.ai/events/62244-euro-dips-after-eu-cuts-italian-outlook-dollar-up-before-fed-meeting-gold-eagle
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Euro weakness and a firmer dollar on Italy-related fiscal stress make US-priced feed commodities relatively more expensive abroad, a modest bearish factor for export demand.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | -2.0% | -3.3% |
| EURUSD | 2019-07-31 | [Dollar up, stocks tumble after Fed rate outlook as pound stalls \| Malay Mail](https://feedsoft.ai/events/58020-dollar-up-stocks-tumble-after-fed-rate-outlook-as-pound-stalls-malay-mail.md) | +0.4% | -0.5% |
| EURUSD | 2018-09-28 | [Dollar gains on euro woes, Fed rate outlook](https://feedsoft.ai/events/63239-dollar-gains-on-euro-woes-fed-rate-outlook.md) | -1.4% | -2.4% |
| EURUSD | 2023-05-04 | [Dollar gains, euro dips after cautious ECB](https://feedsoft.ai/events/36157-dollar-gains-euro-dips-after-cautious-ecb.md) | -0.8% | -2.7% |
| EURUSD | 2022-03-10 | [Euro eases after ECB meeting, while dollar firms following inflation data \| Reuters](https://feedsoft.ai/events/9527-euro-eases-after-ecb-meeting-while-dollar-firms-following-inflation-data-reuters.md) | -0.7% | -1.4% |
| DXY | 2018-09-27 | [Dollar rises on Fed rate outlook; euro falls on Italian budget woes](https://feedsoft.ai/events/63247-dollar-rises-on-fed-rate-outlook-euro-falls-on-italian-budget-woes.md) | +0.4% | +1.6% |
| DXY | 2024-01-31 | [Sterling slips vs dollar before BoE and Fed meetings](https://feedsoft.ai/events/32368-sterling-slips-vs-dollar-before-boe-and-fed-meetings.md) | +0.3% | +0.4% |
| DXY | 2022-09-19 | [Australian dollar outlook: Fed knights US dollar king of the world \| IG AU](https://feedsoft.ai/events/39840-australian-dollar-outlook-fed-knights-us-dollar-king-of-the-world-ig-au.md) | +1.9% | +2.2% |

## Sources

- gold-eagle.com: https://www.gold-eagle.com/euro-dips-after-eu-cuts-italian-outlook-dollar-fed-meeting

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