Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed

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.

• Feb 26, 2019Canadian dollar strengthens as Fed’s patience bruises greenback - The Globe and Mail+0.5%
• Apr 26, 2019Canadian dollar rises as U.S. growth composition weighs on greenback - The Globe and Mail-0.2%
• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-0.4%
• Jun 26, 2025Canadian Dollar gains ground on Thursday as Greenback weakens-0.9%
• Jan 31, 2026Loonie on a wild ride as global investors reassess the greenback - The Globe and Mail+0.3%

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.

• Jan 29, 2019Canadian dollar dips as investors turn attention to Fed - The Globe and Mail+5.2%
• Dec 20, 2022Canadian dollar gains as investors weigh Bank of Japan’s policy shift - The Globe and Mail+5.8%
• Sep 27, 2022Surging bond yields spook investors, capping Canadian dollar gains - The Globe and Mail+9.0%
• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-1.5%
• Feb 19, 2020Canadian dollar gains as oil rallies on Chinese stimulus hopes - The Globe and Mail-4.3%