News Column

Canadian Dollar Advances Against Most Majors

July 23, 2014



OTTAWA (Alliance News) - The Canadian dollar strengthened against most major currencies in the early European session on Wednesday.

The Canadian rose to a 6-1-/2-month high of 1.4421 against the euro, from an early low of 1.4466. At yesterday's close, the loonie was trading at 1.4458 against the euro.

Moving away from early lows of 1.0740 against the US dollar and 94.44 against the yen, the loonie climbed to a 5-day high of 1.0716 and a 6-day high of 94.58, respectively.

If the loonie extends its uptrend, it is likely to find resistance around 1.43 against the euro, 1.06 against the greenback and 95.32 against the yen.



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Source: Alliance News


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