The Canadian dollar that closed last week's trading at 1.0701 against the U.S. currency strengthened to 1.0586 in early deals on Monday. This set a 4-day high for the loonie. The near term resistance for the loonie is seen around the 1.045 level.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.