The euro that advanced to a 12-day high of 1.3240 against the Canadian dollar around 6:10 am ET Monday erased some of its gains shortly thereafter.
If the euro-loonie pair extends downtrend, 1.3180 is seen as the next likely support level in the near-term. The pair closed last week's deals at 1.3198.
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Forex 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.