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. We expect USDCAD to trend downwards 2 hours following the event release at 29 Sep 12:00 if the released value is > -0.1%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 12:00

03 Jan 13:00