The euro erased its late Asian session's gains against the Canadian dollar in early European deals on Monday. The euro-loonie pair is now worth 1.2196, down from 1.2232 hit at 3:05 am ET. The near term support level for the pair is seen at 1.216.
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Business News
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.