We expect a $114.318 movement on USDCAD within 2 hours following the release of Ifo Business Climate at 25 May 08:00. We expect USDCAD to trend downwards 2 hours following the event release at 25 May 08:00 if the released value is > 78.3. A price movement of 16 pips is expected.

Historical events that allowed us to draw this conclusion

18 Dec 09:00

25 Oct 08:00

24 Sep 08:00

24 Jun 08:00