The European currency that climbed to a 4-day high of 1.2927 against its Canadian counterpart around 2:50 am ET Monday reversed direction shortly after commencing the London session. The cross shed almost 0.3 percent or 40-pips to reach a low of 1.2890 around 3:45 am ET.
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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.