
The latest US Inflation Rate YoY number has been released as 4.2%.
There is a 80% probability that USDCAD will trend down for the next few hours.
This probability is based on the last 12 US Inflation Rate YoY events, in which 4 of the last 5 events where the actual number was greater than than the economist consensus resulted in an down trend of USDCAD.
Here are images of the past events:
Tuesday 13 Apr at 12:30 PM GMT:
Thursday 10 Dec at 01:30 PM GMT:
Friday 11 Sep at 12:30 PM GMT:
Wednesday 12 Aug at 12:30 PM GMT:
Disclaimer: Past performance may not be indicative of future performance