Canadian Dollar Drops Against Most Majors
August 04 2024 - 6:50PM
RTTF2
The Canadian dollar weakened against most major currencies in
the Asian session on Monday.
The Canadian dollar fell to nearly a 3-1/2-year low of 1.5162
against the euro and an 8-month low of 104.28 against the yen, from
Friday's closing quotes of 1.5134 and 105.62, respectively.
Against the U.S. dollar, the loonie edged down to 1.3887 from
Friday's closing value of 1.3872.
If the loonie extend its downtrend, it is likely to find support
around against 1.52 against the euro, 103.00 against the yen and
1.39 against the greenback.
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