Canadian Dollar Drops Against Most Majors
December 09 2024 - 7:24PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Tuesday.
The Canadian dollar fell to more than a 4-year low of 1.4190
against the U.S. dollar and more than a 1-month low of 1.4975
against the euro, from yesterday's closing quotes of 1.4171 and
1.4953, respectively.
Against the yen, the loonie edged down to 106.47 from Monday's
closing value of 106.68.
If the loonie extends its downtrend, it is likely to find
support around 1.43 against the greenback, 1.51 against the euro
and 104.00 against the yen.
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