Rupee shines like a diya as dollar dims, crude cools

Not enough comparable past events yet for a historical read.

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.

• Nov 17, 2022Commodities slump as dollar rebounds-9.0%
• Jun 21, 2021Commodity Prices Dip As Dollar Surges | OilPrice.com+3.5%
• Jan 29, 2019How the rupee strengthened against the U.S. dollar - The Hindu+5.2%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-1.2%
• Jun 22, 2022Rupee hits fresh all-time low vs dollar as US rate hike worries deepen | News on Markets - Business Standard+2.2%

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.

• Sep 27, 2019Rupee rallies to nearly 2-month high as crude subsides | Rupee rallies to nearly 2-month high as crude subsides-7.3%
• Jun 21, 2021Commodity Prices Dip As Dollar Surges | OilPrice.com+4.1%
• Aug 21, 2023Crude oil settles lower as hope fades for Chinese demand-0.5%
• Oct 25, 2023Rupee rises on oil pullback; dollar liquidity remains inadequate-1.0%
• Dec 15, 2022Oil prices slid 2% as dollar firms and central banks hike interest rates-2.2%