Rand strengthens as US election outcome lifts sentiment, oil retreats from weekly highs

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.

• Jun 1, 2025Oil falls as higher OPEC+ output expectations weigh on sentiment+6.2%
• Nov 22, 2022Oil prices retreat as investor sentiment darkens-2.1%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-7.0%
• May 29, 2026BRL Strengthens Slightly on Strong GDP and Easing Oil Prices+4.6%
• Jul 30, 2020USD/CAD jumps to weekly highs above 1.3450 on oil selloff — Octa+2.6%

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.

• Jun 1, 2025Oil falls as higher OPEC+ output expectations weigh on sentiment+4.9%
• Nov 22, 2022Oil prices retreat as investor sentiment darkens-5.2%
• Feb 2, 2018Oil prices fall as US stock market slumps and dollar strengthens-6.3%
• May 29, 2026BRL Strengthens Slightly on Strong GDP and Easing Oil Prices+2.5%
• May 29, 2026Ringgit opens higher against US$ in improved sentiment | The Star+4.9%

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.

• Nov 26, 2025South African rand strengthens as downbeat US data weakens dollar | CNBC Africa-0.7%
• Aug 31, 2021Sterling retreats from two-week high, driven by dollar-0.2%
• Jun 26, 2025Ringgit strengthens against US dollar as Fed tariff caution weighs on greenback | Malay Mail-0.9%
• Aug 30, 2021US Dollar Weakens as Dovish Fed Lifts Stocks, Bonds, Commodities and Other Currencies. Where To From Here? | Forex trading, free forex education | Forex.ca-0.7%
• May 26, 2025Peso Strengthens 2.3%, Hits Record Under Sheinbaum as USD Weakens-0.2%