In Asian trading, the US Dollar inched higher against the Canadian Dollar, trading above 1.42900 levels.
The USD/CAD currency pair climbed slightly this morning, as traders remained concerned about the impact metal tariffs could have upon exporters like Canada and as the markets awaited US inflation data. In Canada, Bank of Canada Summary of Deliberations will be released (18:30 GMT). In the US, CPI Inflation figures for January (2.9% expected) will be posted (13:30 GMT) and Fed Chair Powell will continue to give testimony to Congress (15:00 GMT).