In European trading, the US Dollar rose against the Canadian Dollar, trading above 1.3800 levels.
The USD/CAD currency pair has climbed up in the European session as safe - haven demand for the US dollar rose following lingering tariff uncertainties. In Canada, GDP for February (0.0% exp) will be released (13:30 GMT+1). In the US, ADP Nonfarm Employment Change for April (123k exp) will be released (13:15 GMT+1), GDP for Q1 (0.4% exp) will be posted (13:30 GMT+1) and Core PCE Price Index for March (2.6% exp) will be posted (15:00 GMT+1).