The Canadian dollar has been extending its rally against most major currencies in European deals on Thursday. The loonie is currently trading at a fresh 1- 1/2 -month high of 1.2913 against the euro and 3-day highs of 0.9831 against the greenback and 81.81 against the yen.
The next upside target level for the loonie is seen at 0.981 against the greenback, 82.5 against the yen and 1.288 against the euro.
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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.