Dollar Falls with Crude Oil Prices and Bond Yields

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.

• Aug 28, 2026Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices+9.2%
• May 30, 2023Canadian dollar dips as oil prices fall more than 4%-0.4%
• Oct 21, 2026Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters-0.7%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-7.0%
• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%

After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.

• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-6.3%
• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-3.1%
• Mar 19, 2021RM opens 120 bps lower amid falling oil prices, US yields spike-1.8%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%
• Jun 21, 2021Commodity Prices Dip As Dollar Surges | OilPrice.com+4.1%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

• Jun 21, 2019Dollar extends losses to 2-week low as US bond yields fall-0.1%
• Nov 28, 2022Dollar weakens as U.S. bond yields drop-1.1%
• Oct 21, 2026Dollar on back foot as US yields, crude prices dip; Aussie buoyed by hawkish RBA By Reuters+0.5%
• Jul 30, 2020Dollar will weaken further while bond yields strengthen: Wells Fargo-0.3%
• Oct 11, 2018Dollar slips on stock losses, lower bond yields-0.4%