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Forex News: Canadian Dollar Falls Against Majors

Canadian Dollar Falls Against Majors

10/25/2017 - 07:24:00 (RTTNews)

(RTTNews) - The Canadian dollar dropped against the other major currencies in the European session on Wednesday.

The loonie retreated to 89.72 against the yen and 0.9810 against the aussie, from its early high of 90.01 and a weekly high of 0.9771, respectively.

The loonie fell to more than a 2-month low of 1.2723 against the greenback and near a 2-month low of 1.4983 against the euro, off its previous highs of 1.2669 and 1.4895, respectively.

If the loonie slides further, it may find support around 88.00 against the yen, 1.285 against the greenback, 0.99 against the aussie and 1.51 against the euro.

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