# Euro holds gains vs dollar hit by trade tariffs and weak data

> The euro and yen held most of their gains against the dollar after weak US manufacturing data and new trade threats. The dollar was hit by US tariffs on metals imports from Argentina and Brazil and by threatened tariffs on European goods. Markets treated the trade moves as background noise.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/55783-euro-holds-gains-vs-dollar-hit-by-trade-tariffs-and-weak-data
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Trade tensions weighing on the dollar can lift dollar-priced commodities, but the reaction was muted. Tariffs on Brazilian and Argentine goods may also shift trade flows at the margin.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-23 | [Asia FX gains as tariff concerns hurt dollar; AI-led stocks hit records \| Reuters](https://feedsoft.ai/events/20885-asia-fx-gains-as-tariff-concerns-hurt-dollar-ai-led-stocks-hit-records-reuters.md) | -0.1% | +1.9% |
| DXY | 2017-01-31 | [Dollar hit by crossfire as Trump talks currency wars](https://feedsoft.ai/events/73222-dollar-hit-by-crossfire-as-trump-talks-currency-wars.md) | -0.6% | -0.6% |
| DXY | 2025-01-21 | [Trump to hold off on tariffs, report says, easing trade war fears](https://feedsoft.ai/events/12678-trump-to-hold-off-on-tariffs-report-says-easing-trade-war-fears.md) | -1.1% | -1.7% |
| DXY | 2026-02-20 | [Dollar dips after Supreme Court rules against Trump's tariffs \| Reuters](https://feedsoft.ai/events/20833-dollar-dips-after-supreme-court-rules-against-trump-s-tariffs-reuters.md) | -0.3% | +1.6% |
| DXY | 2025-02-04 | [US dollar edges lower as China tariffs kick in](https://feedsoft.ai/events/26336-us-dollar-edges-lower-as-china-tariffs-kick-in.md) | -0.4% | -0.9% |
| EURUSD | 2017-01-31 | [Dollar hit by crossfire as Trump talks currency wars](https://feedsoft.ai/events/73222-dollar-hit-by-crossfire-as-trump-talks-currency-wars.md) | +0.5% | -0.6% |
| EURUSD | 2019-06-12 | [Far from 'devalued', euro surges as trade war hits yuan](https://feedsoft.ai/events/58808-far-from-devalued-euro-surges-as-trade-war-hits-yuan.md) | -1.1% | -0.5% |
| EURUSD | 2025-03-04 | [EU wheat and rapeseed hit lows as tariff battle heats up](https://feedsoft.ai/events/8148-eu-wheat-and-rapeseed-hit-lows-as-tariff-battle-heats-up.md) | +3.2% | +2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/12/03/forex-markets-us-manufacturing-data-us-economy-in-focus.html

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