
85.71% probability that USDCAD may trend downwards
Based on the last 12 Industrial Production YoY events in Euro Area, we expect USDCAD to trend downwards later today. Based on these past events there is a 85.71% chance of this. This may happen if the released value is > -3.1%Historical events that allowed us to draw this conclusion12 Dec 10:0013 Nov 10:0013 Jun 09:0014 May 09:0012 Apr 09:0013…