The Canadian dollar weakened against other major currencies in the Asian session on Tuesday.
The Canadian dollar fell to more than a 4-1/2-yr low of 1.4178 against the U.S. dollar and more than a 1-month low of 108.61 against the yen, from yesterday's closing quotes of 1.3986 and 110.24, respectively.
Against the euro and the Australian dollar, the loonie dropped to a 6-day low of 1.4788 and a 2-week low of 0.9161 from Monday's closing quotes of 1.4677 and 0.9094, respectively.
If the loonie extends its downtrend, it is likely to find support around 1.42 against the greenback, 107.00 against the yen, 1.51 against the euro and 0.93 against the aussie.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.