Canadian dollar rises

On Monday, the Canadian dollar rose against its US counterpart. However, the increase was restrained by lower oil prices and a reaction to the immigration decree of the President of the USA Donald Trump.
USD/CAD fell by 0.13% to 1.3136, near the session low at 1.3118.
US Dollar decreased after the publication of the decree of Trump on Friday, limiting entry to the USA to citizens of seven Muslim countries. This decree renewed concerns about the potentially destabilizing impact of protectionist policies implemented by the new administration.

Trump decree was appealed in court, it caused international criticism, mass protests and chaos at airports.
Another negative factor for the dollar was also a sharp decline in US GDP in the fourth quarter. It would be an argument for the Fed in favor of a more gradual increase in interest rates.