Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend downwards later today. Based on these past events there is a 83.33% chance of this. We expect USDCAD to trend downwards 2 hours following the event release at 25 Mar 09:00 if the released value is > 94.2. A price movement of 11 pips is expected.

Historical events that allowed us to draw this conclusion

22 Feb 09:00

25 Jan 09:00

24 Jun 08:00

26 Mar 09:00

22 Feb 09:00