The Canadian dollar strengthened against most major currencies in the Asian session on Monday.
The Canadian dollar rose to a 2-month low of 1.6221 against the euro and a 4-day high of 1.3950 against the U.S. dollar, from Friday's closing quotes of 1.6184 and 1.3990, respectively.
Against the yen, the loonie edged up to 114.71 from last week's closing value of 114.54.
If the loonie extends its uptrend, it is likely to find resistance around 1.63 against the euro, 1.38 against the greenback and 116.00 against the yen.
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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.