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

> The euro slid about 0.8 percent as Italian markets reacted to reports of a dispute over the budget, including a possible exit by finance minister Giovanni Tria. Populist parties pushed for higher spending including a universal basic income and lower retirement age, and Milan's FTSE MIB fell as much as 2 percent.

- Date: 2018-09-27 · published 2018-09-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/63253-euro-slides-as-italian-populists-make-last-ditch-attempt-to-push-through
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Political risk in Italy weakens the euro and lifts the dollar, which pressures dollar-priced commodities while adding volatility to European macro conditions.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2016-11-30 | [USD EUR Exchange Rate Slides on Italian News \| Euro Exchange Rate News This is](https://feedsoft.ai/events/74037-usd-eur-exchange-rate-slides-on-italian-news-euro-exchange-rate-news-this-is.md) | +0.9% | -2.2% |
| EURUSD | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +1.0% | +1.1% |
| EURUSD | 2021-10-29 | [Euro's losses deepen as markets take dim view of ECB stance \| Financial Post](https://feedsoft.ai/events/7160-euro-s-losses-deepen-as-markets-take-dim-view-of-ecb-stance-financial-post.md) | -1.2% | -3.6% |
| EURUSD | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | -3.1% | -1.3% |
| EURUSD | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | -3.1% | -1.3% |
| DXY | 2018-05-30 | [Worsening Italian crisis batters stock markets and euro](https://feedsoft.ai/events/65216-worsening-italian-crisis-batters-stock-markets-and-euro.md) | +0.0% | +1.0% |
| DXY | 2022-07-05 | [Euro slides to 20-year low against the dollar as recession fears build](https://feedsoft.ai/events/10286-euro-slides-to-20-year-low-against-the-dollar-as-recession-fears-build.md) | +1.5% | -0.1% |
| DXY | 2022-07-05 | [Euro Hits 20-Year Low Against Dollar as Markets Slide - The New York Times](https://feedsoft.ai/events/10287-euro-hits-20-year-low-against-dollar-as-markets-slide-the-new-york-times.md) | +1.5% | -0.1% |

## Sources

- telegraph.co.uk: https://www.telegraph.co.uk/business/2018/09/27/euro-slides-amid-speculation-italy-finmins-future-populist-parties/

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