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Based on the last 12 Inflation Rate YoY Prel events in Germany, we could see a 36 pip movement on USDCAD for the next 12 hours. USDCAD could trend downwards for 12 hours because the released value is > 2%
Historical events that allowed us to draw this conclusion
30 Apr 12:00 |
30 Oct 13:00 |
30 Jul 12:00 |
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