The euro extended previous session's rally against its Canadian rival on Wednesday morning in Asia, rising above the 1.2350 level for the first time since August 8.
The common currency rose as high as 1.2355 against the Canadian dollar, up almost 15-pips from Tuesday's North American close. The next barrier for the euro-loonie pair is seen around the 1.2370 level in the near-term.
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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.