The Canadian dollar has been rallying against its US, European and Japanese counterparts in late Asian deals on Tuesday. At present, the loonie is trading near a 2-week high of 1.2823 against the euro and a 4-day high of 77.76 against the yen.
Against the U.S. dollar, the loonie is now worth 1.0230.
The next upside target level for the loonie is seen at 1.279 against the euro, 1.015 against the greenback and 78.0 against the yen.
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