C$ climbs as market shrugs off Bank of Canada 'jawboning'

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.

• Oct 27, 2021Bank of Canada Hawkish Tone Sparks Dollar Decline+0.5%
• Mar 9, 2020US dollar market sees major sell off as currency traders buy EUR+3.2%
• Jan 24, 2019Bangkok Post - BoT: Baht climbs as greenback slips-0.4%
• Feb 4, 2022Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder-0.3%
• Aug 28, 2020Dollar slides as bond market signals rising inflation angst-0.5%

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.

• Sep 30, 2021C$ turns weaker as dour Bank of Canada offsets oil surge+3.5%
• May 1, 2022The perfect storm - Bank of Canada+4.9%
• Oct 27, 2020Canadian Dollar Buoyed by Firmer Oil Prices, Stock Markets ahead of Bank of Canada Decision-4.6%
• Feb 24, 2021Canadian dollar notches 3-year high as oil climbs - Markets - Business Recorder-3.2%
• Dec 20, 2022Canadian dollar gains as investors weigh Bank of Japan’s policy shift - The Globe and Mail+5.8%