Dollar plunges more than $15 and breaks below $970 after central bank minutes and Democratic win in US

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.

• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates+1.3%
• May 23, 2024USD: Fed minutes boost the dollar | IG International-0.0%
• Jun 16, 2022Canadian dollar falls as global central bank tightening spooks investors - The Globe and Mail-8.7%
• Oct 4, 2023Oil plunges $5 in biggest one-day drop in more than a year-3.7%
• Jul 12, 2022Brent crude settles below $100/bbl on higher dollar, weak demand outlook-1.5%

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.

• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%
• Oct 4, 2023Oil plunges $5 in biggest one-day drop in more than a year-3.8%
• Jul 12, 2022Brent crude settles below $100/bbl on higher dollar, weak demand outlook+0.7%
• Apr 27, 2020U.S. oil plunges 25%, Brent falls below $20 a barrel | Reuters+19.9%
• Jun 22, 2022Australian Dollar Eyes BRICS Summit After Mixed PMI Data | Forex trading, free forex education | Forex.ca+3.0%

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 15, 2023European Central Bank hikes rates again and vows more after US Fed hits pause | AP News-0.0%
• Dec 1, 2022US dollar plunges in Vietnam after new Fed signal-0.6%
• Jun 1, 2021Dollar steadies, yuan slips after central bank moves to limit gains | Financial Post-0.2%
• Jan 23, 2025Dollar dips after Trump comments as markets eye tariffs, central banks | Reuters+0.0%
• Mar 16, 2017US dollar falls and bonds rise after Federal Reserve raises rates but says future moves would be 'gradual' | The Independent | The Independent-1.3%