Dollar slips further as oil rallies, commodity currencies gain

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Jul 31, 2023Canadian dollar notches monthly gain as commodity currencies rally - The Globe and Mail+2.4%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+1.6%
• Sep 16, 2020Global shares slip, dollar gains as Fed sticks to agenda of near-zero rates | Reuters+3.1%
• Sep 14, 2026Dollar gains as Middle East conflict lifts oil, Fed hike looms By Reuters+0.3%
• Feb 18, 2022Ringgit opens higher against US dollar on steady commodity prices+6.4%

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.

• Jun 8, 2020Dollar dips as commodity currencies gain on recovery hopes | Financial Post+0.7%
• May 18, 2020Dollar struggles as rising oil prices lift commodity currencies-1.0%
• Oct 13, 2017Commodities Make Gains as US Dollar Slips+0.1%
• May 11, 2021Commodity currencies hold advantage as dollar waits for inflation and Fed | Reuters+0.3%
• Jul 27, 2017Dollar Selloff Resumed after FOMC, Commodity Currencies the Best Performers - ActionForex-0.6%