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The euro rose to its highest level against the dollar in six months after Trump unveiled tariffs more aggressive than expected. It posted its biggest intraday gain since 2015 on Thursday, and Citigroup revised up its euro forecast.
A sharp euro rally against the dollar reflects tariff-driven shifts in currency flows that affect the cost of US commodity exports to Europe. The move also signals changing trade-currency dynamics for feed buyers.
bloomberg.comGreg RitchieApr 4, 2025After 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.
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.
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.
