In Asian trading, the US Dollar decreased against the Canadian Dollar, trading below 1.3700 levels.
The USD/CAD edged lower as tariff threats continue to weigh on the Loonie following President Trump’s imposition of a 35% tariff rate upon the country, effective from August 1st. In Canada, Year on Year CPI Inflation figures for June (1.9% exp) will be posted (13:30 GMT+1). In the US, CPI Inflation data for June (2.6% exp) will be posted (13:30 GMT+1).