Canadian dollar dips as investors turn attention to Fed

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.

• Jul 29, 2020Canadian dollar gains as investors sell greenbacks on ‘downbeat’ Fed - The Globe and Mail+1.8%
• Sep 27, 2022Surging bond yields spook investors, capping Canadian dollar gains - The Globe and Mail+9.0%
• Dec 20, 2022Canadian dollar gains as investors weigh Bank of Japan’s policy shift - The Globe and Mail+5.8%
• Dec 16, 2021Canadian dollar rallies as more central banks move on inflation - The Globe and Mail+2.7%
• Jul 28, 2021Canadian dollar gains as Fed readies new money market facilities - The Globe and Mail-1.5%