# EUR/USD faces pressure as Trump's tariff threats improve USD's appeal

> EUR/USD fell toward 1.0370 as the dollar index rose to about 108.35. Trump threatened 100% tariffs on BRICS countries and 25% tariffs on Mexico and Canada, and said the Fed would likely keep rates on hold.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/26727-eur-usd-faces-pressure-as-trump-s-tariff-threats-improve-usd-s-appeal
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tariff threats and a firmer dollar tend to pull up the dollar index and cut the dollar value of US agricultural exports. Stronger dollar pressure can weigh on commodity prices and make imports pricier for feed buyers abroad.

## Read by commodity

- DXY: bullish ▲
- EURUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-10-23 | [Market braces for pressure on Brazilian real as Trump’s chances rise](https://feedsoft.ai/events/28085-market-braces-for-pressure-on-brazilian-real-as-trump-s-chances-rise.md) | +0.4% | +2.0% |
| DXY | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | +0.3% | -0.2% |
| DXY | 2016-11-16 | [Battered yen faces new reality: Trump reflationary pressure - The Japan Times](https://feedsoft.ai/events/74081-battered-yen-faces-new-reality-trump-reflationary-pressure-the-japan-times.md) | +0.6% | -0.0% |
| DXY | 2025-01-31 | [Dollar advances after White House reiterates Trump tariff threats](https://feedsoft.ai/events/26698-dollar-advances-after-white-house-reiterates-trump-tariff-threats.md) | +0.1% | +0.1% |
| DXY | 2022-04-28 | [AUD/USD plunges to near 0.7080, safe-haven appeal improves — Octa](https://feedsoft.ai/events/42093-aud-usd-plunges-to-near-0-7080-safe-haven-appeal-improves-octa.md) | +0.1% | -0.4% |
| EURUSD | 2025-10-31 | [EUR/USD Faces Pressure as ECB Dovish Tilt Raises Odds of a 2026 Rate Cut \| Investing.com](https://feedsoft.ai/events/22636-eur-usd-faces-pressure-as-ecb-dovish-tilt-raises-odds-of-a-2026-rate-cut.md) | -0.2% | +0.5% |
| EURUSD | 2019-11-29 | [Euro-Dollar Gets No Joy from Inflation Gains as German Politics and U.S. Tariff Threat Loom](https://feedsoft.ai/events/56280-euro-dollar-gets-no-joy-from-inflation-gains-as-german-politics-and-u-s-tariff.md) | +0.9% | +1.6% |
| EURUSD | 2023-03-15 | [FX Markets: Pressure switches to Europe \| articles \| ING THINK](https://feedsoft.ai/events/10079-fx-markets-pressure-switches-to-europe-articles-ing-think.md) | +0.4% | +1.7% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-slides-on-soft-inflation-in-germanys-six-states-trumps-tariff-threats-202501311017

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