Erasing much of yesterday's losses, the euro edged higher against its Canadian counterpart in early deals on Tuesday.
The common currency climbed to a 4-day high of 1.4587 against the Canadian dollar around 5:40 am ET, up by more than 1.2 percent from yesterday's fresh monthly low of 1.4410.
Yesterday's failed test of 1.44 support and a subsequent rebound suggest the euro may challenge resistance around the 1.47 area.
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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.