Based on the last 12 Industrial Production YoY events in Euro Area, we expect a $154.188 movement on USDCAD within 2 hours following the event release at 12 Jun 09:00. We expect USDCAD to trend downwards 2 hours following the event release at 12 Jun 09:00 if the released value is > -29.5%

Historical events that allowed us to draw this conclusion

16 Apr 09:00

12 Dec 10:00

13 Nov 10:00

13 Jun 09:00