The Canadian dollar resumed its early Asian session's downward trading against the euro in the New York session on Friday. The loonie declined to a 1-week low of 1.2962 against the euro, compared to a recent high of 1.2900. The next downside target level for the loonie is seen at 1.30. At Thursday's close, the pair was worth 1.2951.
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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.