Based on the last 12 Inflation Rate YoY events in United States, we expect USDCAD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 13 Jan 13:30 if the released value is > 1.3%. A price movement of 40 pips is expected.

Historical events that allowed us to draw this conclusion

10 Dec 13:30

11 Sep 12:30

12 Aug 12:30

13 Feb 13:30