The U.S. dollar drifted lower against the Canadian unit ahead of European deals on Tuesday.
The greenback that ended Monday's trading at 0.9930 against the loonie declined 0.18 percent to 0.9912. The greenback may seek next downside target level at 0.988.
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Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.