Erasing decline, the European currency spiked up against the Canadian dollar in the early European session on Thursday.
The euro hit a 4-week high of 1.3369 against the loonie, compared to Wednesday's close of 1.3330. The euro-loonie pair may eye next upside target level around 1.34.
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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.