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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.