USD/CAD rises for a fourth consecutive day to 1.3790 as falling oil prices weigh on the Canadian dollar

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.

• Oct 31, 2022Canadian dollar slips to six-day low as oil prices fall - The Globe and Mail+5.4%
• May 30, 2023Canadian dollar dips as oil prices fall more than 4%-0.4%
• Jan 29, 2020Canadian dollar nears seven-week low as oil prices fall - The Globe and Mail-7.1%
• Feb 22, 2018Feb 22: Ringgit slips against US dollar for fourth consecutive day-0.3%
• Jan 24, 2020Canadian dollar slips as oil prices fall on China virus scare-6.1%

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.

• Oct 3, 2023Oil drops for fourth consecutive day on macroeconomic concerns | The National-1.3%
• Dec 20, 2018The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail-8.1%
• Sep 18, 2026Ringgit opens higher against US dollar as oil prices ease | The Star-0.3%
• May 31, 2018Oil Price Slides, Canadian Dollar Exchange Rates Side With It | Exchange Rates UK-3.1%
• Sep 25, 2020Oil prices down for the week on new coronavirus concerns-3.0%