In European trading, the US Dollar fell against the Canadian Dollar, trading below 1.4480 levels.
The currency pair retreated after reaching its highest level since March 2020 earlier today, ahead of Donald Trump’s inauguration amid worries over his new administration’s trade policy. In Canada, the Bank of Canada Business Outlook Survey will be released (11:00 GMT). In the US, there are no data releases today due to the fact that it's a public holiday.