The Canadian dollar erased some of its early Asian session's weakness against the US dollar during early European deals Tuesday, falling to a 5-day low of 0.9889 around 6:40 am ET.
The USD/CAD correction stalled just above the 0.9950 level and the pair backpedaled since August 23 and is heading towards target around the 0.9860/65 area.
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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.