# Trump tariffs, dollar's dip a double-hit to eurozone exports

> The dollar has fallen 2.6% since the start of 2026, after a 9.5% drop in 2025. The euro reached $1.20 for the first time since 2021, and the pound and yen also hit recent highs against the dollar.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/21267-trump-tariffs-dollar-s-dip-a-double-hit-to-eurozone-exports
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

A sustained dollar decline makes US exports more competitive and raises import costs for eurozone buyers, which can support US commodity prices and feed input costs in Europe.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | -0.8% | -1.2% |
| DXY | 2025-05-23 | [US dollar tumbles as Trump's EU tariff talk spurs investor flight](https://feedsoft.ai/events/24859-us-dollar-tumbles-as-trump-s-eu-tariff-talk-spurs-investor-flight.md) | -0.2% | -0.7% |
| DXY | 2025-01-23 | [Dollar dips after Trump comments as markets eye tariffs, central banks \| Reuters](https://feedsoft.ai/events/12674-dollar-dips-after-trump-comments-as-markets-eye-tariffs-central-banks-reuters.md) | +0.0% | -1.0% |
| DXY | 2017-07-31 | [Pound hits 10-month high of $1.32 on dollar's Trump slump](https://feedsoft.ai/events/70203-pound-hits-10-month-high-of-1-32-on-dollar-s-trump-slump.md) | +0.3% | -0.5% |
| DXY | 2020-11-30 | [Buying Euro-Dollar Dips a Top 2021 Trade at Morgan Stanley](https://feedsoft.ai/events/50369-buying-euro-dollar-dips-a-top-2021-trade-at-morgan-stanley.md) | -1.2% | -1.5% |
| EURUSD | 2025-04-14 | [Why the U.S. dollar has plunged and euro soared on Trump tariffs](https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs.md) | +0.6% | -0.5% |
| EURUSD | 2025-05-23 | [US dollar tumbles as Trump's EU tariff talk spurs investor flight](https://feedsoft.ai/events/24859-us-dollar-tumbles-as-trump-s-eu-tariff-talk-spurs-investor-flight.md) | +0.6% | +2.3% |
| EURUSD | 2020-11-30 | [Buying Euro-Dollar Dips a Top 2021 Trade at Morgan Stanley](https://feedsoft.ai/events/50369-buying-euro-dollar-dips-a-top-2021-trade-at-morgan-stanley.md) | +2.0% | +2.9% |

## Sources

- dw.com: https://www.dw.com/en/trump-tariffs-dollars-dip-a-double-hit-to-eurozone-exports/a-75696199

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