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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.