During early European deals on Monday, the Canadian dollar recouped its late Asian session's loss against the US currency. The pair moved from 1.0535 to 1.0486 by about 5:15 am ET. This set a 4-day high for the Canadian dollar. As of now, the greenback-loonie pair is worth 1.0495, compared to 1.0509 hit late New York Friday.
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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.