In European trading, the US Dollar decreased against the Canadian Dollar, trading below 1.4200 levels.
The USD/CAD currency pair inched lower in the European trading session, ahead of important inflation data coming from Canada. In Canada, CPI Inflation data for January (0.0% exp) will be posted (13:30 GMT). In the US, Fed Members Daly and Barr will speak (15:20 and 18:00 GMT respectively). President Trump is also expected to speak this evening.