The U.S. dollar climbed against the Canadian currency in the European session on Friday.
The greenback reached as high as 1.0355 against the loonie, nearing a 1-year high of 1.0392 reached on Thursday. On the upside, the greenback-loonie pair may break 1.05 level.
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Forex News
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.