Canadian Dollar Slides Against Majors
January 26 2015 - 10:38PM
RTTF2
The Canadian dollar weakened against the other major currencies
in the Asian session on Tuesday.
The Canadian dollar dropped to 1.2493 against the U.S. dollar
for the first time since March 2009. At yesterday's close, the
loonie was trading at 1.2469 against the greenback.
Against the euro and the Australian dollar, the loonie fell to
4-day lows of 1.4062 and 0.9903 from yesterday's closing quotes of
1.4015 and 0.9878, respectively.
The loonie edged down to 94.57 against the yen, from yesterdays
closing value of 94.92.
If the loonie extends its downtrend, it is likely to find
support around 1.25 against the greenback, 92.50 against the yen,
1.44 against the euro and 1.00 against the aussie.
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