Based on the last 12 Inflation Rate YoY Prel events in Germany, we expect USDCAD to trend downwards right now. Based on these past events there is a 75% chance of this. We expect USDCAD to trend downwards for the next 2 hours because the released value is > 0.6%. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

29 Apr 12:00

03 Jan 13:00

27 Jun 12:00