Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 66.67% chance of this. This may happen if the released value is = 1.4%

Historical events that allowed us to draw this conclusion

29 Feb 00:00

31 Jan 00:00

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