In Asian trading, the US Dollar decreased against the Canadian Dollar, trading below 1.4400 levels.
The currency pair declined in the Asian session after President Trump’s WEF speech appeared to be more conciliatory than previously feared, giving rise to hopes that US tariffs against Canada might still be avoided. In Canada, New Housing price Index data for December (0.2% exp) will be released (13:30 GMT). In the US, Manufacturing PMI (49.8 expected) and Services PMI (56.4 exp) will be posted (14:45 GMT).