Canadian dollar steadies near three-week low as U.S. 10-year yield hits 3 per cent

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.

• Nov 8, 2018Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail+1.0%
• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail-0.1%
• Feb 15, 2023Canadian dollar weakens as U.S. data boosts Fed rate hike prospects - The Globe and Mail+0.8%
• Sep 22, 2026Canadian dollar hits nearly seven-week low on wider yield spreads | Reuters+1.1%
• Nov 29, 2017Canadian dollar hits near 4-week low versus firmer US$ - The Business Times+0.2%

After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.

• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%
• Nov 8, 2018Canadian dollar hits eight-week low as U.S. Fed affirms rate hike policy - The Globe and Mail-8.9%
• Jul 30, 2026Canadian dollar rises to six-week high as greenback slides - The Globe and Mail-10.1%
• Nov 22, 2019Canadian dollar ends week lower as economic threat from CN strike builds - The Globe and Mail-2.2%
• Feb 3, 2020Canadian dollar slides to two-month low as China virus hits oil demand - The Globe and Mail-2.4%

Not enough comparable past events yet for a historical read.