Based on past Canada Inflation Rate YoY news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is > 0.3%. A price movement of 64 pips is expected.

Historical events that allowed us to draw this conclusion

18 Mar 23:30

20 Feb 00:30

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