The USD/CAD exchange rate crashed to the lowest level since January 5 as the US dollar index retreated after the Greenland crisis eased.

Fed and key global central banks are expected to keep interest rates unchanged amid inflation concerns and political pressure.

Although there are not a lot of data items, the first few are highly important for the Forex market, so it could be an important week.

The first couple of weeks of earnings have been skewered by finanical stocks reacting negatively to warnings about credit card interest charges being capped, and other factors.

Millions of workers benefitted from minimum wage increases on January 1.