# Euro spikes after Trump's trade adviser says Germany is using 'grossly undervalued' currency

> 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.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/73173-euro-spikes-after-trump-s-trade-adviser-says-germany-is-using-grossly
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-02-01 | [U.S. Trade Policy & the Dollar](https://feedsoft.ai/events/12006-u-s-trade-policy-and-the-dollar.md) | +0.9% | +1.7% |
| DXY | 2025-04-12 | [Bank of England's Greene says dollar drop adds to tariff inflation puzzle \| Reuters](https://feedsoft.ai/events/25379-bank-of-england-s-greene-says-dollar-drop-adds-to-tariff-inflation-puzzle.md) | -0.8% | -1.2% |
| DXY | 2017-08-28 | [China's Central Bank Is Embracing a Supercharged Yuan - Bloomberg](https://feedsoft.ai/events/10856-china-s-central-bank-is-embracing-a-supercharged-yuan-bloomberg.md) | -0.3% | -0.0% |
| DXY | 2018-08-21 | ['I'm not thrilled': Trump blasts Fed for raising interest rates, not doing enough to help him boost economy \| Financial Post](https://feedsoft.ai/events/63699-i-m-not-thrilled-trump-blasts-fed-for-raising-interest-rates-not-doing-enough.md) | -0.9% | -0.5% |
| DXY | 2017-08-31 | [Import duties for maize, sorghum and rye updated \| AGENCE EUROPE](https://feedsoft.ai/events/69511-import-duties-for-maize-sorghum-and-rye-updated-agence-europe.md) | -1.4% | +0.8% |
| EURUSD | 2025-03-05 | [European markets soar as Germany moves to lift ‘debt brake’ and raise defence spending \| Germany \| The Guardian](https://feedsoft.ai/events/5804-european-markets-soar-as-germany-moves-to-lift-debt-brake-and-raise-defence.md) | +3.7% | +2.5% |
| EURUSD | 2025-02-20 | [Corn Markets Under Pressure – Profit-Taking and Argentina’s Export Tax Cut Weigh on Prices - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.](https://feedsoft.ai/events/6195-corn-markets-under-pressure-profit-taking-and-argentina-s-export-tax-cut-weigh.md) | +1.0% | +4.5% |
| EURUSD | 2019-06-17 | [Crude Leaps as OPEC+ Eyes Meeting Date, Europe Talks Stimulus - Bloomberg](https://feedsoft.ai/events/12320-crude-leaps-as-opec-eyes-meeting-date-europe-talks-stimulus-bloomberg.md) | +1.0% | +0.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/31/euro-spikes-after-trumps-trade-adviser-tells-ft-that-germany-is-using-grossly-undervalued-currency.html

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