Extending previous session's rally, the euro touched 1.3748 against the Canadian dollar around 3:00 am ET Tuesday, its highest level since June 26 and was 0.3 percent stronger than yesterday's close of 1.3710.
With the pair staying well-above its 21-day simple moving average level and the cross picking up from its recent corrective sell-offs, further bullish extension is possible with 1.3770/1.3820 seen as its next likely resistance level.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.