The Canadian dollar weakened against the U.S. dollar and the euro in the Asian session on Wednesday.
The loonie fell to 1.0205 against the greenback, easing from an early high of 1.0180. On the downside, the next support level for the loonie lies around 1.025.
The loonie that ended yesterday's deals at 1.3564 against the euro reached as low as 1.3585. The loonie may face support around 1.37 area.
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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.