# Oil higher but currencies well contained | interest.co.nz

> Tech stocks led a global equity selloff after disappointing earnings, with the Nasdaq 100 falling more than 3%. Gold dropped more than 3% to around $3,800 an ounce, its lowest in a year, while oil prices tracked higher and currencies were contained. Markets still price roughly an 80% chance of a December Fed hike.

- Date: 2026-11-01 · published 2026-11-01T21:08:03.568Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/70098-oil-higher-but-currencies-well-contained-interest-co-nz
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Risk-off equity moves and a hawkish Fed outlook strengthen the dollar and weigh on precious metals, while higher oil keeps energy costs elevated for feed and freight inputs.

## Read by commodity

- DXY: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-23 | [Higher Fed interest rate could weaken Vietnamese currency - VnExpress International](https://feedsoft.ai/events/61841-higher-fed-interest-rate-could-weaken-vietnamese-currency-vnexpress.md) | -0.6% | -1.4% |
| DXY | 2023-02-18 | [Rising risks of higher interest rates to continue influencing ringgit movement](https://feedsoft.ai/events/37601-rising-risks-of-higher-interest-rates-to-continue-influencing-ringgit-movement.md) | +0.7% | +0.4% |
| DXY | 2016-12-08 | [FX: What Next for Currencies in Trump Sell-Off?](https://feedsoft.ai/events/73686-fx-what-next-for-currencies-in-trump-sell-off.md) | +0.1% | +1.4% |
| DXY | 2021-03-02 | [FOREX \| Dollar rises to one-month high; riskier currencies fall as shares falter - BusinessWorld Online](https://feedsoft.ai/events/11420-forex-dollar-rises-to-one-month-high-riskier-currencies-fall-as-shares-falter.md) | +1.5% | +1.2% |
| DXY | 2022-08-26 | [Currencies: High Volatility After J. Powell's Statements - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/40313-currencies-high-volatility-after-j-powell-s-statements-stocks-and-securities.md) | +1.1% | +3.4% |
| WTI | 2021-10-21 | [Commodity currencies at multi-month highs, pound firm on BoE hike bets](https://feedsoft.ai/events/44806-commodity-currencies-at-multi-month-highs-pound-firm-on-boe-hike-bets.md) | -1.9% | -7.0% |
| WTI | 2023-04-04 | [Malaysia, Indonesia currencies gain on OPEC+ target cut - Markets - Business Recorder](https://feedsoft.ai/events/36682-malaysia-indonesia-currencies-gain-on-opec-target-cut-markets-business-recorder.md) | +1.4% | -10.8% |
| WTI | 2026-09-28 | [Asian currencies: Thai baht hits two-month low as oil prices surge - Markets - Business Recorder](https://feedsoft.ai/events/17732-asian-currencies-thai-baht-hits-two-month-low-as-oil-prices-surge-markets.md) | +9.1% | +18.9% |

## Sources

- interest.co.nz: https://www.interest.co.nz/currencies/140905/tech-led-equity-selloff-disappointing-earnings-nasdaq-down-more-3-market-pricing

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.