Indian rupee declines as dollar jumps on Fed policy reassessment - Markets

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Apr 30, 2024Indian rupee counts on support from central bank before Fed policy decision - Markets - Business Recorder-0.5%
• Nov 21, 2024Dollar pulls ahead as markets focus on Trump policies, Fed outlook - Markets - Business Recorder-0.0%
• Jan 31, 2024Indian rupee to weaken as odds of Fed rate cut in March diminish - Markets - Business Recorder+0.3%
• Jun 13, 2022China’s yuan slips to 2-week low as dollar jumps on inflation data - Markets - Business Recorder+1.0%
• Apr 26, 2024Indian rupee to see muted reaction to US inflation flare-up - Markets - Business Recorder-0.3%

Not enough comparable past events yet for a historical read.

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.

• Feb 24, 2021Canadian dollar notches 3-year high as oil climbs - Markets - Business Recorder-3.2%
• Mar 29, 2021Canadian dollar dips as hedge fund default crimps risk appetite - Markets - Business Recorder-3.7%
• May 28, 2021Canadian dollar falls as investors weigh US inflation surge - Markets - Business Recorder+4.1%
• Aug 26, 2020C$ eases against broadly firmer US dollar - Markets - Business Recorder-1.1%
• Aug 30, 2021Dollar pinned as Powell plods toward tapering - Markets - Business Recorder+0.8%