After hitting a fresh multi-month high of 0.9845 by about 10:50 am ET, the Canadian currency reversed its direction against the US dollar during New York afternoon deals on Tuesday. The loonie is presently trading near 0.9893 versus the greenback.
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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.