Why the U.S. dollar has plunged and euro soared on Trump tariffs

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Jan 28, 2026Trump tariffs, dollar's dip a double-hit to eurozone exports+0.4%
• Mar 6, 2025South African rand jumps as Trump tariff drive weighs on US dollar-0.5%
• Apr 17, 2025Trade Wars and the U.S. Dollar | PIMCO-0.2%
• Feb 9, 2023What's behind the euro's comeback against the US dollar+0.3%
• May 23, 2025US dollar tumbles as Trump's EU tariff talk spurs investor flight-0.2%

After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.

• Jan 28, 2026Trump tariffs, dollar's dip a double-hit to eurozone exports-1.3%
• Feb 9, 2023What's behind the euro's comeback against the US dollar-0.5%
• May 23, 2025US dollar tumbles as Trump's EU tariff talk spurs investor flight+0.6%
• Jan 31, 2017Loonie rallies as Trump’s ‘guns of Navarro’ knock U.S. dollar - The Globe and Mail+0.5%
• Feb 11, 2026Euro and yuan global ambitions hasten the dollar drop | Reuters-0.7%