We expect USDCAD to trend downwards for the next 12 hours.

Based on the last 12 Inflation Rate YoY events in United States, we expect USDCAD to trend downwards for the next 12 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is > 1.7%

Historical events that allowed us to draw this conclusion

13 Aug 12:30

10 Apr 12:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).