News Column

Canadian Dollar Declines Against Majors

July 29, 2014



CANBERA (Alliance News) - The Canadian dollar moved down against its major rivals in New York trading on Tuesday.

The loonie declined to an 8-day low of 1.4541 against the euro and near a 6-week low of 1.0842 against the greenback, reversing from early highs of 1.4507 and 1.0795, respectively.

The loonie eased to 94.12 against the yen, from an early 4-day high of 94.37. Against the aussie, the loonie fell back to 1.0169, off its prior high of 1.0145.

The loonie is likely to find support around 1.095 against the greenback, 1.025 against the aussie, 1.46 against the euro and 93.5 against the yen.



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Source: Alliance News


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