News Column

Canadian Dollar Strengthens Against Most Majors

August 14, 2014

CANBERA (Alliance News) - The Canadian dollar strengthened against most major currencies in the Asian session on Friday.

The Canadian dollar rose to 2-week highs of 1.4557 against the euro and 94.12 against the yen, from early lows of 1.4575 and 93.92, respectively.

Against the US dollar, the loonie edged up to 1.0892 from an early low of 1.0907.

If the loonie extends its uptrend, it is likely to find resistance around 1.44 against the euro, 94.59 against the yen and 1.083 against the greenback.

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Source: Alliance News

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