The US dollar that advanced to 1.0043 against its Canadian counterpart in the Asian session reverted to near parity again in early European deals on Friday, hitting as low as 1.0006 around 5:10 am ET. The dollar-loonie pair is presently worth 1.0010 with 0.9980 seen as the next likely support level.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.