The US dollar extended its 2-day losing streak against the Canadian dollar on Wednesday in early deals, falling to 1.0276 around 6:40 am ET, its weakest level since June 20.
With the greenback-loonie pair moving broadly in an ascending channel and the present move heading to trend-line support of the channel, next key downside levels are seen at 1.0250, 1.0220 and 1.02.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.