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Forex News: Canadian Dollar Drops Against Majors

Canadian Dollar Drops Against Majors

09/19/2017 - 01:54:00 (RTTNews)

(RTTNews) - The Canadian dollar weakened against other major currencies in the Asian session on Tuesday.

The Canadian dollar fell to near 2-week lows of 1.4751 against the euro and 0.9819 against the Australian dollar, from yesterday's closing quotes of 1.4688 and 0.9782, respectively.

Against the U.S. dollar and the yen, the loonie dropped to 1.2273 and 90.58 from yesterday's closing quotes of 1.2291 and 90.75, respectively.

If the loonie extends its downtrend, it is likely to find support around 1.50 against the euro, 1.00 against the aussie, 1.20 against the greenback and 88.00 against the yen.

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