
Euro exchange rates rose against the pound and dollar on January 30 and 31 after Navarro's comments that Germany uses a grossly undervalued euro. EUR/USD and EUR/GBP rallied by about 55 and 70 pips respectively in one hour, after Eurozone CPI came in above consensus.
Trade-related currency swings change the cost of EU feed ingredients for dollar-based buyers and can move the dollar index that influences US commodity export prices.
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.