The US dollar extended early Asian session's downtrend against its Canadian counterpart ahead of the European session on Tuesday, falling to a 1-week low of 0.9853, down 0.07 percent from its previous close of 0.9860.
The greenback-loonie pair is presently trading just a few pips away from its key demand zone at 0.9800/45. Any bearish bias below the pivotal support area of 0.98 could set its weakest level in nearly 1-year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.