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 83.33% chance of this. This may happen if the released value is < 3.5% Historical events that allowed us to draw this conclusion

17 Mar 23:30	21 Jan 00:30
19 Aug 22:30	17 Jun 22:30

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