# Dollar hit by crossfire as Trump talks currency wars

> The dollar fell in Asia on February 1 after the Trump administration accused Germany and Japan of devaluing currencies for trade advantage. Trump's trade adviser called the euro grossly undervalued and said a proposed US-EU trade deal was dead. The dollar index ended January down 2.6%, its worst January in three decades.

- Date: 2017-01-31 · published 2017-01-31T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/73222-dollar-hit-by-crossfire-as-trump-talks-currency-wars
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharply weaker dollar and rising trade-policy tension can support US commodity prices in dollar terms, while threats to trade deals add uncertainty for export flows.

## Read by commodity

- DXY: bearish ▼
- SOY: neutral
- EURUSD: bullish ▲
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-12-16 | [USD/CAD: Trade Deal Weighs On US Dollar - Currency Live](https://feedsoft.ai/events/55809-usd-cad-trade-deal-weighs-on-us-dollar-currency-live.md) | +0.1% | -0.6% |
| DXY | 2025-05-06 | ['Asian crisis in reverse' as currencies soar on the dollar](https://feedsoft.ai/events/9618-asian-crisis-in-reverse-as-currencies-soar-on-the-dollar.md) | +1.0% | -0.7% |
| DXY | 2019-12-03 | [Euro holds gains vs dollar hit by trade tariffs and weak data](https://feedsoft.ai/events/55783-euro-holds-gains-vs-dollar-hit-by-trade-tariffs-and-weak-data.md) | -0.5% | -1.7% |
| DXY | 2019-08-01 | [Dollar falls against yen after Trump whacks China with more tariffs \| Reuters](https://feedsoft.ai/events/57813-dollar-falls-against-yen-after-trump-whacks-china-with-more-tariffs-reuters.md) | +1.1% | +2.1% |
| DXY | 2025-01-20 | [Dollar tumbles as Trump team signals no immediate tariffs](https://feedsoft.ai/events/12672-dollar-tumbles-as-trump-team-signals-no-immediate-tariffs.md) | -1.1% | -1.7% |
| EURUSD | 2019-12-03 | [Euro holds gains vs dollar hit by trade tariffs and weak data](https://feedsoft.ai/events/55783-euro-holds-gains-vs-dollar-hit-by-trade-tariffs-and-weak-data.md) | -0.1% | +1.4% |
| EURUSD | 2019-06-12 | [Far from 'devalued', euro surges as trade war hits yuan](https://feedsoft.ai/events/58808-far-from-devalued-euro-surges-as-trade-war-hits-yuan.md) | -1.1% | -0.5% |
| EURUSD | 2026-01-19 | [EUR/USD surges above 1.1640 as Trump escalates US–EU trade war](https://feedsoft.ai/events/7348-eur-usd-surges-above-1-1640-as-trump-escalates-us-eu-trade-war.md) | +2.5% | +2.0% |

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/dollar-hit-by-crossfire-as-trump-talks-currency-wars-117020100079_1.html

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