The rand softens as oil prices rise, Fed in focus

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Oct 28, 2026South African rand softens as oil prices rise, Fed in focus | CNBC Africa-4.7%
• Sep 28, 2026Rand weakens as oil prices rise and rate-hike fears support dollar+6.5%
• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers+1.9%
• Sep 8, 2026Ringgit ends lower as oil prices rise, Fed decision looms | Malay Mail+10.4%
• Jan 30, 2024Crude oil prices today: WTI, Brent rise after IMF forecast-5.5%

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.

• Jul 26, 2023The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers+2.1%
• May 28, 2026Palm Oil Prices Rise As Crude Oil Gains - Finimize+8.1%
• Jan 30, 2024Crude oil prices today: WTI, Brent rise after IMF forecast-5.2%
• Apr 12, 2017Syria, OPEC, and Oil Prices-5.5%
• Jan 18, 2024Oil prices rise on global demand forecasts, US crude stock draw+3.6%

Not enough comparable past events yet for a historical read.