Reversing direction, the U.S. dollar dropped against the Canadian currency in early European deals on Wednesday.
The greenback is now trading lower at 1.0389 against the loonie, off its near 1-year high of 1.0420 hit at 1:55 am ET. The greenback-loonie pair is poised to seek next downside target level around 1.03. The pair finished yesterday's trading at 1.0396.
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Forex News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.