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Canadian Dollar Rises Against Majors

The Canadian dollar strengthened against the other major currencies in the early European session.

The Canadian dollar rose to nearly a 3-month high of 1.3038 against the U.S. dollar, from an early low of 1.3183.

Against the euro and the yen, the loonie advanced to 1.3877 and 87.52 from early lows of 1.3967 and 87.03, respectively.

The loonie edged up to 0.9777 against the Australian dollar, from an early near 4-week low of 0.9821.

If the loonie extends its uptrend, it is likely to find resistance around 1.29 against the greenback, 1.36 against the euro, 89.00 against the yen and 0.95 against the aussie.

by RTT Staff Writer

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