In European trading, the US Dollar fell back against the Canadian Dollar, trading below 1.3900 levels.
The USD/CAD currency pair is declining following news that Canadian pension funds might limit their investment exposure to US dollars. In Canada, New Housing Price Index for March (0.0 last month) will be released (13:30 GMT+1). In the US, Durable Goods Orders for March (2.1% exp) and Initial Jobless Claims (222k exp) will be posted (13:30 GMT+1) and ExistingHomes Sales data for March (4.14 mln exp) will be released (15:00 GMT+1).