Friday in Asia, the Canadian dollar slipped against its major counterparts. The loonie slumped to a 3-day low against the US currency and a 1-week low against the Aussie.
Canada's CPI for February and the retail sales for January have been slated for release at 8:30 am ET.
The Canadian dollar slipped to a 3-day low of 1.0174 against the US currency and a 1-week low of 0.9378 against the Aussie by about 11:50 pm ET. If the loonie weakens further, it may target 1.032 against the greenback and 0.942 against the aussie. The loonie is now worth 1.0163 against the greenback and 0.9370 against the aussie, compared to yesterday's close of 1.0145 and 0.9341, respectively.
The Canadian dollar fell to 1.3860 against the euro at 11:50 pm ET. On the downside, 1.40 is seen as the next target level for the loonie. The euro-loonie pair that closed yesterday's trading at 1.3806 is presently worth 1.3846.
The German PPI for February and the Italian industrial orders for January are expected in the European session today.
At 11:50 pm ET, the Canadian dollar touched 88.94 against the yen, down from yesterday's close of 89.16. The next target level for the loonie is seen at 88.4. At present, the loonie-yen pair is worth 89.06.
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