In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4370 levels.
Since this morning, this currency pair has been trading in an upward trend. The dollar's strengthening coincides with the approaching start of the Trump administration, known for its pro-market stance and hostility towards Canada, particularly through tariffs. In Canada, there are no scheduled data releases today. In the US, House Price Index data for October (0.5% exp) will be released (14:00 GMT).