During early deals on Monday, the Canadian dollar slipped to a 5-day low against the aussie and a 4-day low against the euro despite a rise in oil price.
Meanwhile, the loonie eased from a 2-week high against the yen and exhibited choppy trading against the U.S. currency.
Oil prices rose to near $82 a barrel today in Asia, extending gains from Friday amid signs the global economy may be improving.
Investors were cheered by the Labor Department's February jobs report Friday, which showed the U.S. economy shed a less-than-expected 36,000 jobs last month and the unemployment rate held at 9.7 percent.
Oil has soared 18 percent since February 5 as investors become more convinced a growing global economy will boost crude demand.
Against the Australian dollar, the Canadian dollar slipped to a 5-day low of 0.9372 at 2:15 am ET Monday. As of now, the aussie-loonie pair is trading at 0.9370, compared to Friday's New York session close of 0.9361.
Against the euro, the Canadian dollar declined in early deals on Monday. As of now, the loonie is trading at a 4-day low of 1.4072 against the euro. At last week's close, the euro-loonie pair was quoted at 1.4043.
The Canadian dollar that touched a 2-week high of 88.33 against the currency of Japan in early Asian deals on Monday at 7:00 pm ET, eased thereafter. At present, the loonie is quoted at 88.04 against the yen, compared to 87.64 hit at last week's New York session close.
Japan's current index improved to 42.1 in February from 38.8 in January, the Eco Watchers survey released by the Cabinet Office showed today. The index climbed for the third consecutive month in February. Economists had expected the index to rise to 40.1. The forward-looking index stood at 44.8 in February, up from 41.9 in the previous month.
Against the U.S. counterpart, the Canadian dollar showed choppy trading in early deals on Monday. The greenback-loonie pair, which closed Friday's session at 1.0307, is now trading at 1.0281.
From Europe, the Euro-zone Sentix investor confidence index for March and the German industrial production report for January are slated for release in the upcoming hours.
From Canada, the housing starts report for February is scheduled for release at 9:00 am ET.
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