Based on the last 12 Inflation Rate YoY events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is = 8.4%

Historical events that allowed us to draw this conclusion

11 Mar 00:30	13 Jan 00:30
14 Sep 22:30

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