Canadian dollar slips from six-week high as oil retreat offsets weaker U.S. dollar

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.

• Jul 30, 2026Canadian dollar rises to six-week high as greenback slides - The Globe and Mail-10.1%
• Jan 31, 2024Canadian dollar weakens as Fed rate signal offsets GDP gain - The Globe and Mail-6.0%
• Jul 27, 2026Canadian dollar hits near two-week low as oil prices drop | Reuters-3.3%
• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail+5.4%
• Jan 24, 2020Canadian dollar slips as oil prices fall on China virus scare-6.1%

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.

• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-3.1%
• Nov 22, 2021Canadian dollar weekly losing streak continues - Business & Finance - Business Recorder-8.8%
• Nov 30, 2021Canadian dollar dips as Omicron variant concerns offset GDP gain - The Globe and Mail-0.2%
• Nov 1, 2023Oil falls to settle at 3-week low as Fed policy stance lifts dollar-5.3%
• Mar 19, 2021Oil battered in ugly week as demand concerns, dollar spur slump-1.8%

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.

• Aug 31, 2021Sterling retreats from two-week high, driven by dollar-0.2%
• Nov 26, 2025Canadian dollar notches a six-day high as Fed rate cut bets climb | Reuters-0.7%
• Jan 31, 2017Canadian dollar posts a fourth-month high on GDP data, weaker greenback | Reuters-0.6%
• Sep 30, 2026Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com-0.1%
• Aug 30, 2021Canadian dollar notches two-week high as Fed taper fears ebb - The Globe and Mail-0.7%