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

> The US dollar index fell to a three-year low after Trump's April 2 tariff policy triggered market volatility. The euro rose to about $1.138, briefly trading above $1.14 for the first time since February 2022.

- Date: 2025-04-14 · published 2025-04-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/7246-why-the-u-s-dollar-has-plunged-and-euro-soared-on-trump-tariffs
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Dollar weakness tends to support dollar-denominated commodity prices and can improve US export competitiveness. Investor flows out of US assets also add volatility to currency-linked feed input costs.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2025-04-14 | 5 | +4.1% | 4.4 | Dollar index fell to a three-year low on tariff-driven volatility while EUR/USD rose to about $1.138, matching the move window (currency/sentiment). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-01-28 | [Trump tariffs, dollar's dip a double-hit to eurozone exports](https://feedsoft.ai/events/21267-trump-tariffs-dollar-s-dip-a-double-hit-to-eurozone-exports.md) | +0.4% | +0.3% |
| DXY | 2025-03-06 | [South African rand jumps as Trump tariff drive weighs on US dollar](https://feedsoft.ai/events/25858-south-african-rand-jumps-as-trump-tariff-drive-weighs-on-us-dollar.md) | -0.5% | -0.1% |
| DXY | 2025-04-17 | [Trade Wars and the U.S. Dollar \| PIMCO](https://feedsoft.ai/events/25333-trade-wars-and-the-u-s-dollar-pimco.md) | -0.2% | -0.5% |
| DXY | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | +0.3% | +1.1% |
| DXY | 2025-05-23 | [US dollar tumbles as Trump's EU tariff talk spurs investor flight](https://feedsoft.ai/events/24859-us-dollar-tumbles-as-trump-s-eu-tariff-talk-spurs-investor-flight.md) | -0.2% | -0.7% |
| EURUSD | 2026-01-28 | [Trump tariffs, dollar's dip a double-hit to eurozone exports](https://feedsoft.ai/events/21267-trump-tariffs-dollar-s-dip-a-double-hit-to-eurozone-exports.md) | -1.3% | -1.5% |
| EURUSD | 2023-02-09 | [What's behind the euro's comeback against the US dollar](https://feedsoft.ai/events/37542-what-s-behind-the-euro-s-comeback-against-the-us-dollar.md) | -0.5% | -1.5% |
| EURUSD | 2025-05-23 | [US dollar tumbles as Trump's EU tariff talk spurs investor flight](https://feedsoft.ai/events/24859-us-dollar-tumbles-as-trump-s-eu-tariff-talk-spurs-investor-flight.md) | +0.6% | +2.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2025/04/14/us-dollar-has-plunged-and-euro-soared-on-trump-tariffs.html

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