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The euro, yen and Swiss franc gained as investors fled risk after Trump's sweeping tariffs triggered a global market selloff. The dollar fell against the yen and franc, and the euro rose 0.5% to $1.1018.
A risk-off selloff tied to tariff fears can weaken the dollar and shift export competitiveness for US feed and grain products. Expectations of earlier Federal Reserve rate cuts add to the pressure on the dollar.
cnbc.comReutersApr 7, 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.
Not enough comparable past events yet for a historical read.
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.
