In Asian trading, the US Dollar inched lower against the Canadian Dollar, trading below 1.4500 levels.
The USD/CAD currency pair declined, failing to capitalise on the previous day’s increase as rising global commodity prices underpinned the loonie. In Canada, Wholesale Sales data for January (1.9% exp) will be posted (12:30 GMT). In the US, Michigan Consumer Sentiment (63.1 exp) will be released (14:00 GMT).