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The Australian and New Zealand dollars steadied after tumbling on worries that the new US-EU trade deal would weigh on European growth, which sent the euro sharply lower. Trump also flagged a 15% to 20% baseline tariff on partners without deals.
Broad tariffs raise trade-flow uncertainty for feed grains and meals, and a weaker euro with a stronger dollar tends to pressure dollar-priced commodity markets.
tradingview.comJul 29, 2025After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% over 20.
After 23 past trade events, Euro (USD per EUR) moved a median -0.4% over 5 sessions (43% higher; middle half -0.9% to +0.7%), and +0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
