# Italy Crisis Pounds EUR, More To Come | Seeking Alpha

> The euro tested 11-month lows near 1.1512 after Italy's president rejected an anti-establishment coalition government, raising the prospect of fresh elections. Investors expect the anti-EU parties to campaign on being denied the right to govern.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/65220-italy-crisis-pounds-eur-more-to-come-seeking-alpha
- 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 to euro area integration keeps the euro under pressure and supports a firmer dollar, which can weigh on US export commodity values.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-05-03 | [ECB slows rate hike pace but signals more to come](https://feedsoft.ai/events/36153-ecb-slows-rate-hike-pace-but-signals-more-to-come.md) | -0.4% | -3.1% |
| EURUSD | 2018-06-14 | [ECB to end crisis-era stimulus programme in December](https://feedsoft.ai/events/64729-ecb-to-end-crisis-era-stimulus-programme-in-december.md) | -1.6% | -0.8% |
| EURUSD | 2018-10-31 | [The euro may need to cheapen a little more \| opinions \| ING THINK](https://feedsoft.ai/events/62754-the-euro-may-need-to-cheapen-a-little-more-opinions-ing-think.md) | +0.4% | +0.2% |
| EURUSD | 2020-03-12 | [ECB & EUR: Pouring oil into the fire \| articles \| ING THINK](https://feedsoft.ai/events/54328-ecb-and-eur-pouring-oil-into-the-fire-articles-ing-think.md) | -4.0% | -3.7% |
| 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 | 2018-06-14 | [ECB to end crisis-era stimulus programme in December](https://feedsoft.ai/events/64729-ecb-to-end-crisis-era-stimulus-programme-in-december.md) | +1.1% | +0.5% |
| DXY | 2022-04-22 | [Animal protein sector adapts to the latest global crisis \| MEAT+POULTRY](https://feedsoft.ai/events/42010-animal-protein-sector-adapts-to-the-latest-global-crisis-meat-poultry.md) | +2.5% | +2.0% |

## Sources

- seekingalpha.com: https://seekingalpha.com/article/4177739-italy-crisis-pounds-eur-more-to-come

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