
The euro strengthened against the pound on January 31 after Eurozone inflation rose to 1.8% in January, above forecasts, and after Trump trade adviser Peter Navarro called the euro grossly undervalued. The moves lifted the euro across exchange rate pairs.
Currency moves tied to trade-policy rhetoric and eurozone inflation shift the relative competitiveness of European and US feed exports, with a firmer euro tending to reduce EU export appeal.
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.
After 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.
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.