The US dollar has been extending its previous session's gains against the Canadian dollar in early European deals on Wednesday. The greenback-loonie pair is currently trading at more than a 3-week high of 1.0029 with 1.005 seen as the next upside target level.
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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.