Canadian Dollar Drops Against Majors
April 24 2017 - 9:27PM
RTTF2
The Canadian dollar weakened against the other major currencies
in the Asian session on Tuesday.
The Canadian dollar fell to a 5-1/2-month low of 1.4728 against
the euro and a 4-day low of 80.86 against the yen, from yesterday's
closing quotes of 1.4666 and 81.30, respectively.
Against the U.S. and the Australian dollars, the loonie dropped
to nearly a 4-month low of 1.3559 and nearly a 4-week low of 1.0252
from yesterday's closing quotes of 1.3498 and 1.0222,
respectively.
If the loonie extends its downtrend, it is likely to find
support around 1.48 against the euro, 79.00 against the yen, 1.36
against the greenback and 1.04 against the aussie.
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