After moving broadly sideways in the Asian session, the euro edged higher against its Canadian counterpart in early European session on Tuesday.
The common currency climbed to a 6-day high of 1.2248 against the loonie around 3:40 am ET, up almost 40-pips from Monday's North American closing value of 1.2208.
If the euro-loonie pair strengthens further, likely resistance is seen around the 1.2280/1.23 area.
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Forex 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.