Based on the last 12 Inflation Rate YoY events in Canada, we expect USDCAD to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 2.6%
Historical events that allowed us to draw this conclusion
18 Mar 12:30 |
25 Jun 12:30 |
16 Apr 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
