In European trading, the US Dollar decreased against the Canadian Dollar, trading below 1.4360 levels.
The currency pair declined in the European session despite the predictions that the Bank of Canada will lower interest rates to 3% on January 29th. In Canada, Wholesale Sales data for December (-0.2% last month) will be released (13:30 GMT). In the US, New Home Sales data for December (669k expected) will be posted (15:00 GMT).