Based on the last 12 Inflation Rate YoY events in United States, USDCAD could trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 8.1%

Historical events that allowed us to draw this conclusion

12 Apr 22:30	11 Feb 00:30
11 Nov 00:30	13 Oct 23:30
13 Jul 22:30	12 May 22:30

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