The Canadian dollar strengthened against most major currencies in the European session on Tuesday.
The Canadian dollar rose to nearly a 3-week high of 1.3756 against the U.S. dollar and a 4-day high of 1.6238 against the euro, from early lows of 1.3790 and 1.6209, respectively.
Against the yen, the loonie advanced to 115.60 from an early low of 115.33.
If the loonie extends its uptrend, it is likely to find resistance around 1.38 against the greenback, 1.63 against the euro and 117.00 against the yen.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.