Canadian Dollar Firms Against Majors
May 08 2024 - 8:56AM
RTTF2
The Canadian dollar strengthened against its major counterparts
in the New York session on Wednesday.
The loonie rebounded to 1.3717 against the greenback, from an
early 1-week low of 1.3762.
The loonie rose to 0.9018 against the aussie and 1.4745 against
the euro, from an early low of 0.9059 and more than a 6-month low
of 1.4787.
The loonie touched 113.42 against the yen, setting a 6-day
high.
The loonie is poised to challenge resistance around 1.34 against
the greenback, 0.885 against the aussie, 1.44 against the euro and
116.00 against the yen.
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