Canadian dollar retreats from 3-week high as bond yields climb

Not enough comparable past events yet for a historical read.

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.

• May 13, 2021Soybeans retreat from 8-1/2-year high as dollar holds gains | Financial Post-0.6%
• Jan 26, 2022Canadian dollar weakens as BoC foregoes rate hike | Financial Post+0.2%
• Sep 17, 2020Dollar edges higher as Fed outlook lifts U.S. yields | Financial Post+1.6%
• Apr 19, 2023Dollar firms as U.S. yields rise, high British inflation underpins pound | Financial Post+0.4%
• Apr 29, 2022Canadian dollar hits 7-week low - Business & Finance - Business Recorder-0.1%

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.

• Jun 7, 2022Canadian dollar hits a 7-week high as yield spreads widen | Financial Post+2.1%
• Feb 12, 2020Canadian dollar climbs to one-week high as virus fears ebb | Financial Post+6.6%
• Feb 25, 2021Canadian dollar retreats from three-year high as U.S. bond yields soar - The Globe and Mail-3.0%
• Jul 30, 2018Canadian dollar climbs to 7-week high on NAFTA optimism, oil rally - Financial Post-0.3%
• Dec 12, 2016Canadian dollar posts fresh seven-week high as oil climbs | Reuters+0.8%