
EUR/USD pulled back to about 1.1330 as the dollar found support before the US PCE inflation release. A US federal court had reversed a block on Trump's tariffs the previous day, which had sent the dollar sharply lower.
Reinstated tariffs keep trade uncertainty high for US agricultural exporters, while the dollar's swings affect the competitiveness of US feed and grain exports.
After 12 past policy events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (75% higher; middle half -0.1% to +1.0%), and +0.7% over 20.
After 41 past policy events, US Dollar (Broad) moved a median -0.2% over 5 sessions (44% higher; middle half -0.6% to +0.4%), and +0.3% 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.