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 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.