Canadian Dollar Drops Against Most Majors
March 04 2024 - 9:44PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Tuesday.
The Canadian dollar fell to nearly a 3-month low of 1.4751
against the euro and a 4-day low of 1.3599 against the U.S. dollar,
from yesterday's closing quotes of 1.4731 and 1.3571,
respectively.
Against the yen, the loonie edged down to 110.64 from
yesterday's closing value of 110.86.
If the loonie extends its downtrend, it is likely to find
support around 1.48 against the euro, 1.37 against the greenback
and 108.00 against the yen.
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