Canadian Dollar Drops Against Most Majors
16 April 2024 - 4:20AM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Tuesday.
The Canadian dollar fell to a 5-month low of 1.3814 against the
U.S. dollar, from Monday's closing value of 1.3786.
Against the yen and the euro, the loonie edged down to 111.72
and 1.4656 from yesterday's closing quotes of 111.86 and 1.4643,
respectively.
If the loonie extends its downtrend, it is likely to find
support around 1.39 against the greenback, 110.00 against the yen
and 1.48 against the euro.
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