In European trading, the US Dollar decreased against the Canadian Dollar, trading below 1.4300 levels.
The USD/CAD currency pair inched lower in the European trading session, following higher than expected inflation data from Canada. In Canada, New Housing Price Index data for January (0.1% exp) will be released (13:30 GMT). In the US, Initial Jobless Claims (214k expected) and Fed Philadelphia Fed Manufacturing Index data for February (19.4 exp) will be released (13:30 GMT).