Canadian Dollar Drops Against Most Majors
July 23 2024 - 10:10PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Wednesday.
The Canadian dollar fell to more than a 3-month low of 1.3800
against the U.S. dollar and nearly a 3-month low of 111.91 against
the yen, from yesterday's closing quotes of 1.3786 and 112.99,
respectively.
Against the euro, the loonie edged down to 1.4970 from Tuesday's
closing value of 1.4957.
If the loonie extends its downtrend, it is likely to find
support around 1.39 against the greenback, 110.00 against the yen
and 1.51 against the euro.
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