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Forex News: Canadian Dollar Weakens Against Majors

Canadian Dollar Weakens Against Majors

04/04/2017 - 04:12:00 (RTTNews)

(RTTNews) - Reversing direction, the Canadian dollar fell against its major counterparts in the early European session on Tuesday.

The loonie dropped to a 4-1/2-month low of 82.15 against the yen, near 3-week low of 1.3447 against the greenback and a 5-day low of 1.4322 against the euro, from its early highs of 82.90, 1.3373 and 1.4265, respectively.

Reversing from an early high of 1.0140 against the aussie, the loonie edged down to 1.0167.

The next possible support for the loonie may be found around 1.36 against the greenback, 80.00 against the yen, 1.025 against the aussie and 1.45 against the euro.

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