In Asian trading, the US Dollar climbed against the Canadian Dollar, trading above 1.4400 levels.
The USD/CAD currency pair gained ground ahead of a widely expected interest rate cut from the Bank of Canada, while traders continued to be concerned about a potential US slowdown. In Canada, the Bank of Canada will set interest rates (2.75% exp, cut of 25 basis points) at 13:45. In the US, CPI Inflation data for February (2.9% exp) will be released (12:30 GMT).