News Column

Canadian Dollar Drops Vs Euro, US Dollar

July 7, 2014

OTTAWA (Alliance News) - The Canadian dollar weakened against the euro and the US dollar in the Asian session on Tuesday.

The Canadian dollar fell to an 8-day low of 1.0688 against the greenback and a 5-day low of 1.4540 against the euro, from early lows of 1.0675 and 1.4525, respectively. At yesterday's close, the loonie was trading at 1.0682 against the greenback and 1.4533 against the euro.

If the loonie extends its uptrend, it is likely to find the resistance around 1.07 against the greenback and 1.46 against the euro.

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Source: Alliance News

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