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 66.67% chance of this. This may happen if the released value is > 6.7%

Historical events that allowed us to draw this conclusion

19 Oct 23:30	22 Jun 22:30
20 Apr 22:30	17 Feb 00:30

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