Dollar marches to 4-month high as oil rally points to higher inflation

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.

• Mar 8, 2023The U.S. dollar bounces to 2023 high as Fed’s Powell signals higher rates - MarketWatch-0.4%
• Dec 20, 2023Dollar higher as big UK inflation drop hits pound-0.8%
• Feb 13, 2024US dollar rises to three-month high after inflation data, surges past 150 yen+0.1%
• Nov 11, 2021Dollar rockets to 16-month highs after hot U.S. inflation; euro sinks | Reuters+0.8%
• Jun 7, 2024Dollar rises to highest in a month - Moneyweb+1.4%

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.

• Aug 26, 2024Canadian dollar strengthens to 5-month high as oil rallies-1.7%
• Sep 18, 2023Canadian dollar hits 1-month high ahead of inflation data-0.9%
• Jan 11, 2022Canadian dollar climbs to 2-month high as oil prices jump+9.3%
• Aug 11, 2022Canadian dollar rises to two-month high on growing signs of easing U.S. inflation - The Globe and Mail-4.1%
• Jan 26, 2023Canadian dollar notches two-month high as stocks climb - Markets - Business Recorder-4.4%