The Canadian dollar dropped its major rivals in the European session on Tuesday.

The loonie dropped to 1.3254 against the greenback and 1.0088 against the aussie, from its early highs of 1.3204 and 1.0027, respectively.

The loonie edged down to 1.4793 against the euro and 84.14 against the yen, off its near 2-month high of 1.4726 and a 3-month high of 84.55, respectively.

The loonie is likely to find support around 1.335 against the greenback, 82.00 against the yen, 1.02 against the aussie and 1.49 against the euro.

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