# EUR/USD rallies above 1.1740 as easing trade tensions weaken Dollar

> 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.

- Date: 2026-01-22 · published 2026-01-22T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/7347-eur-usd-rallies-above-1-1740-as-easing-trade-tensions-weaken-dollar
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2026-01-20 | [EUR/USD rallies as escalating US-EU tensions crush the Dollar](https://feedsoft.ai/events/7344-eur-usd-rallies-as-escalating-us-eu-tensions-crush-the-dollar.md) | +2.5% | +2.0% |
| EURUSD | 2026-01-20 | [Euro Strengthens Above $1.17](https://feedsoft.ai/events/7346-euro-strengthens-above-1-17.md) | +2.5% | +2.0% |
| EURUSD | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | -0.9% | -2.5% |
| EURUSD | 2026-01-20 | [Dollar lower as investors reignite 'Sell America' trade \| Reuters](https://feedsoft.ai/events/7342-dollar-lower-as-investors-reignite-sell-america-trade-reuters.md) | +2.5% | +2.0% |
| EURUSD | 2022-03-10 | [Sterling Vulnerable, Pound To Dollar Rate Lifeline As Global Equities Surge](https://feedsoft.ai/events/9530-sterling-vulnerable-pound-to-dollar-rate-lifeline-as-global-equities-surge.md) | -0.7% | -1.4% |
| DXY | 2026-01-20 | [EUR/USD rallies as escalating US-EU tensions crush the Dollar](https://feedsoft.ai/events/7344-eur-usd-rallies-as-escalating-us-eu-tensions-crush-the-dollar.md) | -1.7% | -2.0% |
| DXY | 2026-01-20 | [Euro Strengthens Above $1.17](https://feedsoft.ai/events/7346-euro-strengthens-above-1-17.md) | -1.7% | -2.0% |
| DXY | 2022-02-22 | [Dollar dips in choppy trade as investors weigh Ukraine scenarios \| Reuters](https://feedsoft.ai/events/9836-dollar-dips-in-choppy-trade-as-investors-weigh-ukraine-scenarios-reuters.md) | +0.4% | +1.0% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/eur-usd-rallies-above-11740-as-trump-drops-tariff-threats-dollar-slips-202601222154

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