The Canadian dollar advanced against most major currencies in European deals on Tuesday, as oil prices edged up before a raft of U.S. data due today.
Crude for October delivery rose $0.21 to $93.56 per barrel.
Traders await data on durable goods orders, house price surveys and consumer confidence that may give hints about the how well the economy is faring. Markets have priced in an early rate hike by the Federal Reserve, after its chief Janet Yellen last week signaled that sustained growth in the U.S. economy may push forward the timetable for rate hike closer.
Ukrainian President Petro Poroshenko and Russian President Vladimir Putin is due to hold talks at a summit in Minsk, capital of Belarus. The leaders will attend talks alongside European Union representatives, as the insurgency in the regions of Luhansk and Donetsk shows no signs of abating.
The American Petroleum Institute will come out with its oil report later today.
The loonie edged up to 1.0961 against the U.S. dollar, after having fallen to a multi-month low of 1.0997 in early deals. The next possible resistance for the loonie is seen around the 1.09 region.
Reversing from an early 4-day low of 1.4501 against the euro, the loonie climbed to 1.4462. If the loonie continues its uptrend, 1.44 is seen as its next possible resistance level.
After falling to a 4-day low of 94.53 versus the yen at 11:05 pm ET, the loonie recovered to 94.80. Further uptrend may lead the loonie to a resistance around the 95.5 zone.
On the flip side, the loonie fell back to 1.0216, a 4-day low, off early high of 1.0193. Next key support for the loonie is seen around the 1.03 region.
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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.