USD/CAD slides to 1.3530, pressured by bullish Oil and weak USD

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise-4.2%
• Apr 29, 2026USD/CAD round-trips to 1.3690 as the post-FOMC spike fully fades+2.2%
• Jan 13, 2018Colombia peso boosted by weak dollar and rising oil prices - Colombia News-1.0%
• Jul 31, 2024USD/CAD falls below 1.3800 as GDP beats and oil sizzles ahead of FOMC decision-2.1%
• Aug 25, 2023Oil futures up 1% to one-week high on soaring US diesel prices+5.3%

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.

• Apr 30, 2026South Korean Won Weakens to 1,480s as Oil Surges and Fed Turns More Hawkish | Aju Press-15.3%
• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise-5.7%
• Mar 17, 2026USD/THB: BofA raises Thailand baht forecast on oil shock, tourism weakness By Investing.com+1.2%
• Oct 1, 2026Rupee under pressure: Currency slips to 95.97 against US dollar+3.0%
• Jun 20, 2019Rupee surges by 24p to 1-wk high on US rate cut hopes+7.0%

Not enough comparable past events yet for a historical read.

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.

• Apr 25, 2024Oil Futures Up, Shake Off Weakness Spurred by GDP Surprise+0.1%
• Sep 23, 2025Rand defies pressure: US tariffs fail to weaken currency’s surge against the Dollar+0.3%
• Aug 22, 2025USD/CAD slides as Powell turns dovish, Canadian Retail Sales upbeat-0.7%
• May 21, 2025US dollar slides on budget bill concerns, weak 20-year bond auction-0.3%
• Nov 30, 2020CAD benefits from USD slide - OFX (US)-1.2%