The Canadian dollar edged sharply higher against its major rivals in early New York trading on Wednesday.
The loonie touched 0.9836 against the US dollar around 9:25 am ET, its highest level since September 19, 2011. On the upside, the Canadian currency may find target around the 0.9790 level.
Against the yen, the loonie touched nearly a 3-week high of 82.69 around the same time. The next upside target for the loonie-yen pair is seen around the 83.20 level.
The Canadian currency also extended previous session's 6-day high against the euro in early New York deals Wednesday, hitting as high as 1.3008 before holding steady around 9:20 am ET. If the loonie extends gains, it may target resistance around the 1.2960 level.
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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.