In European trading, the US Dollar increased against the Canadian Dollar, trading above 1.4300 levels.
The USD/CAD currency pair rose in the European trading session, following statements by the Bank of Canada that a protracted trade war could permanently dampen Canadian GDP growth. In Canada, there are no major data releases today. In the US, PPI Inflation figures for January (0.3% expected) (13:30 GMT) and Initial Jobless Claims data (217k exp) will be posted (13:30 GMT).