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Due to the Canada Unemployment Rate news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 2022-11-04 12:30:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
|Symbol||Normal Movement Range||Movement range during CA Unemployment Rate|
|NZDUSD||22-37 pips||38-61 pips (65.08%)|
|USDCAD||33-56 pips||73-117 pips (108.14%)|
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