
The euro rebounded from its lowest level since late November after Trump's Europe tariff threat over Greenland revived talk of the 'Sell America' trade. The Swiss franc, a safe haven, posted its largest daily gain against the dollar in a month.
Safe-haven flows and a weaker dollar shift currency-driven costs for importers and can affect dollar-denominated feed prices. The price effect on grains and meals is indirect unless trade measures follow.
After 33 past bearish geopolitics events, US Dollar (Broad) moved a median -0.6% over 5 sessions (33% higher; middle half -1.5% to +0.2%), and -0.8% over 20.
After 18 past bullish geopolitics events, Euro (USD per EUR) moved a median +1.9% over 5 sessions (83% higher; middle half +0.9% to +2.0%), and +2.0% 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.