On Monday, the Canadian dollar slightly changed against the US dollar after the G20 summit, which returned concerns about the US administration's protectionist position in international trade.
USD/CAD was trading at 1.3353, practically unchanged over the day.
The dollar began to fall in price after the financial leaders of the G20 countries abandoned the pledge to maintain the freedom and openness of international trade after a strong opposition from the Trump administration.
The US dollar was previously pressured by more dovish statements of the US Fed, which called for a gradual increase in the US interest rate compared to the expectations of some investors.
Investors remain cautious at the beginning of the week in which at least nine Fed officials are expected to speak, including the Fed Chairman Janet Jellen, who is expected to perform on Thursday.
On Monday, the president of the Federal Reserve Bank of Chicago, Charles Evans, said that the Fed plans to double its interest rate this year. However, the Fed's actions can be more or less aggressive depending on the fiscal policy and other economic indicators.
The Canadian data published on Monday showed the volume in wholesale sales in January rose sharply by 3.3%, which is a peak in more than seven years. The growth of the index is caused by the increase in sales of cars and components. Analyst predicted a more modest increase in sales – by 0.4%.
The Canadian dollar remained under pressure due to a decline in oil prices, which is Canada's main export commodity.
On Monday, oil prices fell more than 1% amid fears of an increase in production in the US, which negates the efforts of major producers to reduce production and eliminate global oversupply.
In Europe, the British pound rose to three-week highs on the news that UK inflation growth in was the highest since 2003.
EUR/USD rose 0.67% to 1.0811.