The Canadian dollar erased early European session's gains versus its major rivals in New York morning trading on Thursday.
The loonie is presently quoted at 1.30 against the euro and 0.9839 against the greenback, down from previous highs of 1.2966 and 0.9813, respectively.
Against the yen, the Canadian currency is presently trading at a 2-day low of 82.10.
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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.