Based on the last 12 Balance of Trade events in Canada, we could see USDCAD trend upwards right now. Based on historical events there is a 75% chance of this. This may happen because the released value is > C$-1.6B
Historical events that allowed us to draw this conclusion
06 Mar 13:30 |
07 Jan 13:30 |
06 Jun 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
