In Asian trading, the US Dollar inched lower against the Canadian Dollar, trading below 1.4340 levels.
The USD/CAD currency pair fell slightly this morning, after President Trump announced the raising of US aluminium and steel tariffs from 10% to 25% will take effect from March 4th, amid expectations that Canada will respond with counter measures. In Canada, Building Permits data for December (2.1% exp) will be posted (13:30 GMT). In the US, Fed Chair Powell will testify before Congress today (15:00 GMT).