The Canadian dollar rallied against its major rivals ahead of the New York session on Monday.
The loonie touched a 13-day high of 83.64 against the yen and a 12-day high of 1.3729 against the euro around 7:30 am ET.
On the upside, the Canadian currency may find target levels at 1.3680 against the common currency and 84.0 versus the yen.
The Canadian dollar also edged higher to 0.9774 against the US dollar at this time from previous low of 0.9826.
If the loonie strengthens further, 0.9755 is seen as the next probable target level.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.