Euro slides as Italian populists make last-ditch attempt to push through spending plans

After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.

• Nov 30, 2016USD EUR Exchange Rate Slides on Italian News | Euro Exchange Rate News This is+0.9%
• May 30, 2018Worsening Italian crisis batters stock markets and euro+1.0%
• Oct 29, 2021Euro's losses deepen as markets take dim view of ECB stance | Financial Post-1.2%
• Jul 5, 2022Euro slides to 20-year low against the dollar as recession fears build-3.1%
• Jul 5, 2022Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times-3.1%

After 2,356 past bullish macro events, DXY moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• May 30, 2018Worsening Italian crisis batters stock markets and euro+0.0%
• Jul 5, 2022Euro slides to 20-year low against the dollar as recession fears build+1.5%
• Jul 5, 2022Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times+1.5%
• Apr 21, 2022China's yuan slides to 6-month low as tightening prospects help dollar | Financial Post+2.3%
• Mar 15, 2023FX Markets: Pressure switches to Europe | articles | ING THINK-0.1%