From Investing.com:

USD/CAD held steady during the Asian and early European trading sessions after reaching a 5-day low. Unexpectedly high US inflation figures impacted the Canadian dollar as the Federal Reserve may postpone a rate cut. Canada’s job gains in February exceeded expectations, but wage growth slowed down. The Bank of Canada may wait until June for a rate cut to avoid a weaker dollar. Today’s market is likely to remain quiet without major news. The recent CFTC data shows a bearish pressure on the Canadian dollar. The USD/CAD is expected to continue trading sideways.



Read more at Investing.com: Gold Plunges, EUR/USD Holds Steady on Higher Than Expected US CPI Data