C$ strengthens to a 1-week high as oil climbs

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 24, 2024Oil climbs 2% to three-week high on China stimulus, Mideast conflict-3.5%
• Dec 1, 2016C$ strengthens as oil extends rally on OPEC deal+0.8%
• Dec 12, 2016Canadian dollar posts fresh seven-week high as oil climbs | Reuters+0.8%
• Jan 11, 2022Canadian dollar climbs to 2-month high as oil prices jump+9.3%

Not enough comparable past events yet for a historical read.

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 1, 2024Gold hits more than one-week low as dollar strengthens, yields rise-0.8%
• Feb 28, 2021Metals smashed as dollar strengthens+0.8%
• Jun 24, 2026US dollar strengthens to 13-month high on Fed rate hike expectations | Reuters-0.1%
• Jan 10, 2025Rand Tumbles Above 19 as Dollar Strengthens on US Jobs Data+0.1%
• Mar 20, 2020Dollar strengthens, set for best week since the financial crisis-2.1%