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Canadian Dollar Rises Against Majors

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

The Canadian dollar rose to 1.4553 against the euro and 89.49 against the yen, from an early lows of 1.4613 and 88.92, respectively.

Against the U.S. and the Australian dollars, the loonie advanced to 1.2126 and 0.9745 from an early lows of 1.2162 and 0.9795, respectively.

If the loonie extends its uptrend, it is likely to find resistance around 1.44 against the euro, 90.00 against the yen, 1.20 against the greenback and 0.96 against the aussie.

by RTTNews Staff Writer

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