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Peter Navarro, head of Trump's National Trade Council, told the Financial Times that Germany uses a grossly undervalued euro to gain advantage and that TTIP talks are dead. The euro rose to a five-day high near $1.0764 and the dollar index fell 0.4% to below 100.
Rising US trade-policy pressure on Germany and the EU raises the risk of tariffs or currency friction affecting EU and US feed-ingredient trade, while a weaker dollar supports US export competitiveness.
cnbc.comCNBC.com staffJan 31, 2017After 15 past bearish policy events, US Dollar (Broad) moved a median -0.5% over 5 sessions (27% higher; middle half -0.7% to +0.0%), and -0.0% over 20.
After 12 past policy events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (75% higher; middle half -0.1% to +1.0%), and +0.7% 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.
