The European currency extended previous session's downtrend against its Canadian counterpart in early deals on Wednesday.
The common currency reached 1.2942 against the loonie around 6:35 am ET, its lowest level since March 15.
The next downside target for the euro-loonie pair is seen around the 1.2890/1.29 area.
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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.