In early European deals on Monday, the U.S. dollar extended upward trading against the Canadian dollar. The greenback hit 0.9803 against the loonie at 4:50 am ET, its highest level since September 20 and the next upside target level for the greenback-loonie pair is seen at 0.985. The pair traded at 0.9769 at Friday's close.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.