The Canadian dollar firmed against the U.S. dollar and the euro in early European deals on Friday.
The loonie hit 1.5078 against the euro for the first time since February 19 and it also approached 1.1000 against the greenback, a new 3-week high. The next possible upside target for the loonie lies around 1.49 against the euro and 1.09 versus the greenback.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.