We expect USDCAD to trend downwards later today. Based on these past Germany Ifo Business Climate news events there is a 71.43% chance of this. We expect this to happen if the released value is > 93. A price movement of 26 pips is expected.

Historical events that allowed us to draw this conclusion

25 Aug 08:00

27 Jul 08:00

25 May 08:00

18 Dec 09:00

25 Oct 08:00