
EUR/USD rose above 1.1740 after Trump dropped tariff threats against Europe, while strong U.S. third-quarter GDP and jobs data left markets expecting a Fed hold in January. ECB minutes reinforced confidence that inflation will return to target.
Reduced trade-war risk supports the euro and weakens the dollar, which can aid dollar-priced feed exports. Rate expectations that favor a firm dollar offset some of that support.
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.
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.
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.