Canadian Dollar Drops Against Most Majors
July 01 2024 - 10:58PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Tuesday.
The Canadian dollar fell to a 2-week low of 1.3756 against the
U.S. dollar and more than a 2-week low of 1.4764 against the euro,
from yesterday's closing quotes of 1.3735 and 1.4749,
respectively.
Against the yen, the loonie edged down to 117.50 from an early
high of 117.68.
If the loonie extends its downtrend, it is likely to find
support around 1.38 against the greenback, 1.49 against the euro
and against the yen.
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