Systemic risk from Italy could push Euro down '5 big figures' - Goldman Sachs

Omkar Godbole FXStreet Contributor

Reuters news cites Goldman Sachs as saying that systemic spillovers from Italian political risks into peripheral Europe could push EUR/USD down by around 5 big figures.

The coalition government's (formed by anti-euro Lega nationalists and the Left Five Star Movement) spending plans puts Italy at odds with the European Union.

“Should this become a more systemic event, we estimate that EUR/USD could fall by around 5 big figures,” the investment bank said in a note published on Thursday.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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