Dollar rises on day of global caution

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Sep 26, 2022Crowd of dollar bulls raises risk of violent pullback+3.1%
• Apr 28, 2022Global shares rise as earnings boost, U.S. dollar hits 20-year high-0.2%
• Dec 23, 2025Real slides on election fears, seasonal dollar outflows-1.4%
• Aug 15, 2018Dollar Rises Against Emerging-Market Currencies - WSJ+2.8%
• Sep 23, 2024Dollar rises more than 1% at the start of a week marked by inflation data in Brazil and the US | Brasil 247-1.1%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Dec 1, 2018Dollar recovers as G20 caution sets in+0.2%
• Aug 24, 2023Dollar rises ahead of Jackson Hole gathering-0.2%
• Dec 31, 2024Dollar dominates on cautious Fed, Trump trade-0.2%
• Aug 1, 2025Dollar rises while global stock index falls; inflation and tariffs in focus-1.0%
• Jul 27, 2023Global equities fall, dollar rises after strong U.S. data, rate hikes+1.2%