Canadian Dollar Plunges To 1-1/2 Month Low Against Greenback
April 10 2012 - 10:47AM
RTTF2
The Canadian dollar extended its recent slide against its major
rivals on Tuesday morning in New York.
The loonie fell below the 1.0040 level against the greenback for
the first time since February 27 and hit a weekly low of 1.3148
against the euro around 10:35 am ET.
Against the yen, the loonie was trading at a 5-week low of 80.65
around the same time.
The next likely support levels for the Canadian currency are
seen at 1.32 against the euro, 80.50 versus the yen and 1.0055
against the US dollar.
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