Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect a 37 pip movement on USDCAD within 2 hours following the event release at 23 Sep 07:30 UTC. We expect USDCAD to trend downwards 2 hours following the event release at 23 Sep 07:30 UTC if the released value is = -0.75%

Historical events that allowed us to draw this conclusion

25 Mar 08:30

17 Dec 08:30

24 Sep 07:30

18 Jun 07:30

19 Sep 07:30

13 Jun 07:30

21 Mar 08:30

20 Sep 07:30