The U.S. dollar declined against the Canadian currency in the European session on Thursday.
The greenback is now trading at 1.0344 against the loonie, reversing from an early Asian session's near 1-year high of 1.0392. The pair ended Wednesday's deals at 1.0367. On the downside, the greenback-loonie pair may seek support around 1.025 level.
For comments and feedback contact: editorial@rttnews.com
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.