The Canadian dollar resumed its early Asian session's downward trading against the euro in the New York session on Friday. The loonie declined to a 1-week low of 1.2962 against the euro, compared to a recent high of 1.2900. The next downside target level for the loonie is seen at 1.30. At Thursday's close, the pair was worth 1.2951.
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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.